VIVAnews - The Indonesian Stock Exchange (IDX) hopes it can contribute up to 10 percent of fund to the domestic real sector even though the stock exchange authority realizes the tight liquidity of the capital market these days.
The IDX Director, Erry Firmansyah, said that his company still encourages the domestic capital market, particularly on obligation and initial public offering (IPO) since those two things have become one of the triggering factors on capital market contribution to the real sector in Indonesia.
"We will try to reach 10 percent," he said when interviewed at IDX building, Jakarta on Wednesday, Feb. 25.
He suspected that the liquidity problems caused by the global economic crisis will still balance the real sector growth from the capital market. "Therefore, IDX still aims 15 issuers to get inside the capital market through IPO," said Firmansyah.
The stock exchange authority previously contributed operational fund valuing 10 percent to the real sector. The fund came from issuing obligation and IPO.
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Translated by: Ariyantri E. Tarman
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