Capital Markets
The development of Indonesia’s capital markets has been buoyed by strong investor interest and high, consumption-led economic expansion on the back of a push to boost annual GDP growth. Ongoing reforms hope to liberalise Indonesia’s financial landscape and provide a legal and regulatory basis for product diversification and deeper institutional investment. Nevertheless, slower regional growth as a result of the Covid-19 pandemic looks likely to strain liquidity and test debtors’ ability to repay, while also possibly acting as a barrier to fundraising. In the medium term, the proliferation of digital financial tools will continue to bring new retail players to the market – a move that has encouraged the government to include financial literacy education alongside its reforms to increase the participation of Indonesians in order to deepen the market. This chapter contains interviews with Inarno Djajadi, President Director, Indonesia Stock Exchange; and Jemmy Paul Wawointana, President Director, Sucor Asset Management.
