JAKARTA, Oct. 9 (Xinhua) -- The Indonesian government plans to establish a special team to tackle various issues affecting the country's capital market, the Financial Services Authority (OJK) said on Thursday.
Chairman of the OJK Board of Commissioners Mahendra Siregar said the working team would include representatives from the Finance Ministry, the Self-Regulatory Organization, and several associations within the stock exchange sector.
According to Mahendra, the team will follow up on various efforts to enhance governance and strengthen public trust in the capital market. It will also work to deepen market development, even as the Jakarta Composite Index is considered to have shown positive growth.
He expressed hope that future government policies would have a positive impact on the real sector, the investment climate, and legal certainty.
These efforts, he said, will also be coordinated with the Coordinating Ministry for Economic Affairs to encourage debottlenecking.
"There are many things that are more strategic, more macroeconomic, but those that are specifically technical and related to the capital market will be handled by the working team," he added.
Earlier this week, the OJK reported that the Indonesia Stock Exchange had become the largest stock exchange in Southeast Asia by market capitalization as of Oct. 3, reaching 15,000 trillion Indonesian rupiahs (910 billion U.S. dollars). ■
