Indonesian president opens stock exchange 2023

Stock exchange trading of Indonesia
Indonesian President Joko Widodo officially opened the 2023 Indonesia Stock Exchange (IDX) Trading, at the IDX Building, Jakarta on Monday (January 2, 2023). (The Indonesian Cabinet Secretariat)
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Stock exchange trading of Indonesia currently involves 55 percent of young investors under the age of 30 years, and 70 percent of those under the age of 40 years.

 

Jakarta (Indonesia Window) – Indonesian President Joko Widodo (locally known as Jokowi) officially opened the 2023 Indonesia Stock Exchange (IDX) Trading, at the IDX Building, Jakarta on Monday.

In his remarks, President Jokowi thanked God because in 2022, the composite stock price index was able to grow positively amid the decline experienced by stock exchanges in other countries.

“We should also thank God that the index in 2022 has increased by 4.1 percent compared to stock exchanges in other countries which have experienced very sharp declines,” the president noted.

In addition, the president also appreciated stock trading which was able to record growth amidst the global economic uncertainty.

“Market cap (market capitalization) also grew 15 percent to 9,499 trillion rupiahs (some 609.8 billion U.S. dollars). This is also not a small value. This is a big value in the midst of global economic turbulence in 2022,” he said.

The head of state also expressed his joy, because 55 percent of investors in stock trading are currently aged under 30 years of age and 70 percent are under 40 years old.

“This means that the prospects for the future are still very promising,” he said.

Year 2023 is a test year for the global economy and the Indonesian economy, the president said, reminding all parties to remain careful and alert.

“We all have to be optimistic that we can solve the existing challenges and be able to go through 2023 which is the test year, with a better economy,” said the president who was optimistic that Indonesia’s growth in 2023 could record a figure above five percent.

In 2022, the Indonesian economy was confirmed to be above 5 percent and the president hopes that in 2023 it would still be above 5 percent,” he said.

The president hopes that the revocation of the policy about restrictions on community activities, which was carried out at the end of 2022, would be able to boost the national economic growth.

The policy was lifted based on the results of a study conducted by the government for the last 10 months and taking into account the achievement of indicators for controlling COVID-19, the president added.

Reporting by Indonesia Window

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