Stock Exchange Open For First Time in 2012

02 January, 2012 | Source: The Jakarta Post

President Susilo Bambang Yudhoyono opened the Indonesia Stock Exchange (IDX) on the first day of the new year.

“Today, I announce that the first day of stock trading in 2012 at the [IDX] is officially opened,” he said at the IDX in Jakarta.

Yudhoyono pressed a touch screen that prompted a siren as the sign that the stock market was officially open, and signed a certificate.

In his remarks, the President thanked and congratulated all the IDX board executives for their hard work, as well as to all the market players and stock market regulators.

“Thank you to all the economic players who have helped develop a healthy economy together with the government,” he said.

Coordinating Economic Minister Hatta Rajasa and Finance Minister Agus Martowardojo were among those present at the ceremony.

On the first day of trading, the Jakarta Composite Index (JCI), the main price indicator at the IDX, opened at 3,820.91, a slight decrease of 0.02 percent from 3,821.99 on Dec. 30, the last day of trading in 2011.

The IDX recorded a JCI increase of 3.2 percent in 2011, compared to the year before, making it the world’s best performers amid the debt crisis in the euro zone and recession in the United States.

The IDX′s market capitalization grew 8.9 percent to Rp 3,537 trillion (US$389.07 billion) last year, from the Rp 3,703 trillion recorded in 2010.

 

Indonesia is preparing steps in response to the European Union`s (EU`s) plan to phase out the use of palm oil-based biofuel energy that will affect palm oil-producing countries.
As many as 93 forestry and environment experts from various countries will attend the 3rd Asia Pacific Rainforest Summit (APRS) which will be held in Yogyakarta on April 23--23 to discuss progress in the implementation of Paris Agreement.
Ciletuh-Pelabuhanratu geopark has officially been declared as part of the UNESCO Global Geopark (UGG) which will be a new history for tourism in West Java.
Finance Minister, Sri Mulyani Indrawati, was named the best finance minister in Asia and the Pacific for 2018 by Hong Kong-based financial magazine FinanceAsia for the second time in a row.
President Joko Widodo (Jokowi) noted here on Monday that Indonesia is a large country, whose economy will grow stronger and increase in 2030.
President Joko Widodo (Jokowi) has stated that according to US News and World Report survey results, Indonesia was in the second place among the world`s two most attractive countries for investment destination.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu