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Capital market no longer ivory tower in Indonesia’s 75th year
The capital market of Indonesia can be traced back to Dec. 14, 1912, when the Dutch colonial government established the Vereniging Voor Deen Effectenhandel (Stock Exchange) in Batavia, now Jakarta.
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Workers carry out maintenance work at the Indonesia Stock Exchange (IDX) building in Jakarta on Feb. 12. (JP/Wendra Ajistyatama)
D
em>Documenting 75 years of resilience" is a series of special reports by The Jakarta Post to celebrate Indonesia’s Independence Day on Aug. 17, 1945.
Indonesia’s capital market has been thriving in the past decade, opening its doors to more and more common people thanks to technological advancements and relaxed requirements.
However, the rising number of retail investors requires better investor protection, which still has room for improvement.
“It’s very easy nowadays to find information on various products of the capital market compared to in the 1990s, when information was very limited and exclusive,” Hans Kwee, PT Anugerah Mega Investama director, told The Jakarta Post in late July.
Read also: IDX rolls out discounts for companies looking to list on stock market
Despite the available information, financial literacy and investor protection continue to pose a challenge for the capital market as investment mismanagement allegedly carried out by several companies keeps surfacing 43 years after the capital market was reactivated.
Est. 1912
