In 2018 a total of 57 companies made their trading debuts on the Indonesia Stock Exchange (IDX). To see 57 Indonesian companies conducting their initial public offering (IPO) on the IDX within 12 months only is a remarkable achievement and a significant increase from 37 IPOs in 2017, and 14 in 2016. It is in fact the biggest number of IPOs for Indonesia since the year 1992. Moreover, big appetite for Indonesian companies to go-public in 2018 is particularly remarkable considering there was plenty of uncertainty lurking about in global and domestic markets.
Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
USD/IDR (14,501) +55.01 +0.38%
EUR/IDR (16,343) -41.31 -0.25%
Jakarta Composite Index (5,052.79) -23.38 -0.46%
Our Financial Columns offer analyses of subjects related to the Indonesian financial markets. Together, these columns - that also have high news value in the current state of the Indonesian economy - intend to provide a clear and detailed picture regarding the structure and performance of these markets.
Robust rupiah appreciation in the month of November 2018 has taken many people – such as policymakers, businessmen, and analysts, including us – by surprise.
Fintech (short for financial technology) is a relatively new global industry that uses technology to improve various activities in the finance sector. For example, smartphones allow for easy mobile banking, while investing services or cryptocurrency are examples of technologies that aim at making financial services more accessible to the general public. Fintech startups have actually been booming rapidly in recent years, making traditional players (most notably: banks) somewhat nervous (and forcing these traditional players to apply new technology into their own business models).
After the devastating 6.9 and 7.4-magnitude earthquakes in Lombok and Central Sulawesi in August and September, local people and businessmen have again been made aware of the risks involved when living, working and investing in Indonesia, a country that is located on the notorious Ring of Fire. This Ring of Fire is a major area in the basin of the Pacific Ocean, a center of seismic activity - triggered by tectonic movements - and thus prone to frequent earthquakes, tsunamis, and volcanic eruptions.