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NEWS UPDATES Asean Affairs     January 4,  2017  





Financial authority, govt commit to support capital market

The Financial Services Authority (OJK) and the government pledge to work hand-in-hand to boost credibility and healthy growth of the local stock market.

"We are obliged to keep, building on the capital market's credibility, to encourage more IPOs [initial public offerings], a reliable market infrastructure, a simpler IPO process and good corporate governance, as well as to continue education for investors and prospective listed companies," OJK chair Muliaman D. Hadad said during the opening ceremony for 2017's first trading day in Jakarta on Tuesday.

The capital market was not only an investment alternative but also a source of long-term financing for corporations, he said.

He expressed hope that such efforts, together with improved economic fundamentals resulting from government policies, would help the bourse book a new record by this year end.

The Jakarta Composite Index (JCI), the Indonesia Stock Exchange (IDX) benchmark, expanded by 15.32 percent last year, the highest in the bourse's history and the second highest in the Asia-Pacific region.

The government would continue supporting efforts through a credible state budget, Finance Minister Sri Mulyani Indrawati said at the same event.

"We will make policies so that [people and firms] will see that joining the bourse is easy and not exclusive, rather it is inclusive and can be done by all small and large firms located in Jakarta or local areas," she said.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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