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IDX, healthcare agency to swap data to deepen financial market
The bourse and the national health agency have signed a data-sharing memorandum of understanding (MoU) to help deepen the country’s financial market through measures that include a financial literacy program for workers.
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The trading floor of the Indonesia Stock Exchange (IDX) stands empty in this undated file photo. (JP/Wienda Parwitasari)
The Indonesia Stock Exchange (IDX) signed on Wednesday a memorandum of understanding (MoU) on information exchange with the Healthcare and Social Security Agency (BPJS Kesehatan) to help the bourse deepen the country’s financial market.
IDX assessment director I Gede Nyoman Yetna Setia told reporters that BPJS Kesehatan would support the bourse by helping to identify companies with the potential to go public and in educating the national workforce on stocks and mutual funds.
The agency could, for example, provide data on a company’s legal, accounting and administrative employees, and the IDX would determine which companies needed strengthening to become publicly listed.
“Once we have the BPJS data, we can sort out which companies have the potential to go public. This will increase the number of publicly listed companies and thus, the number of investors,” Nyoman said during the MoU signing ceremony at the IDX.
The IDX's data shows the country had 607,000 registered investors in 2018 and 629 listed companies this month.
While the bourse did not mention a post-MoU target for new investors and corporations, BPJS Kesehatan said in a statement that it had 32 million registered wage workers and 200,000 registered companies in May, both of which provided a lucrative market for the bourse.
