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Jakarta Post

‘Clean it up!’: Jokowi calls on stock market manipulation crackdown

  • Adrian Wail Akhlas

    The Jakarta Post

Jakarta   /   Fri, January 3, 2020   /  09:43 am
The Jakarta Post Image
President Joko "Jokowi" Widodo gestures while delivering his remarks during the opening of this year's first trading day at the Indonesia Stock Exchange (IDX) building in Jakarta on Thursday, Jan. 2, 2020.(Antara/Hafidz Mubarak A)

President Joko “Jokowi” Widodo has called on stakeholders to protect investors’ trust by “cleaning up” the capital market from manipulation practices in a bid to boost fundraising efforts as the Indonesia Stock Exchange (IDX) kicked off this year’s first trading day on Thursday. He said the country should build investors’ trust by creating a transparent and valid transaction system as Indonesia had been named one the most preferred emerging markets by a Bloomberg survey of 57 global investors, strategists and traders on their outlook for 2020. “Do not let anybody play [with penny stocks]. This is about trust. Provide [investors] protection,” Jokowi said during his remarks at the IDX building in South Jakarta. “We must crack down on manipulation [practices] in the [capital] market and financial transactions, which have l...