Indonesia Stock Exchange aims to expand capital market in Sulawesi


Initiate collaboration with local micro, small and medium enterprises (UMKM) based on digital to open up GI Digital

Manado (ANTARA) – The North Sulawesi Stock Exchange in Indonesia (IDX) aims to expand the capital market in the province.

“In 2022, we will further expand the capital market for the whole of society,” North Sulawesi IDX director Mario Iroth said on Friday.

Iroth pointed out that this year, the North Sulawesi IDX will increase awareness and create innovative types of educational activities involving local investors.

“We will seek to cooperate with regional governments to disseminate regional bonds and capital market financing for regional governments,” he said.

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Iroth mentioned the plan to increase the number of distribution channels by forging collaborations with high schools (SMA) in the implementation of GI Education.

“Initiate collaboration with local digital-based micro, small and medium enterprises (UMKM) to open up GI Digital,” he explained.

In 2021, the IDX Investment Gallery, in particular the IDX GI Trinita University, was established, after which wider dissemination of information was carried out to several regional companies.

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“We organized 12 meetings with companies and a joint workshop as well as 369 educational activities,” he explained.

As of November 2021, the value of stock transactions in North Sulawesi had reached 17.5 trillion rupees, an increase of 326%, from 4.1 billion rupees in 2020. At the same time, the province also recorded a significant growth in the number of investors in the capital market, in particular during the period January-November 2021, reaching 23,255 investors, representing a growth of 82.93%.

“The number of investors in the capital markets for stocks, bonds, mutual funds and the like in North Sulawesi has increased by 23,255, or 82.93%, from a year ago.” , said Iroth.

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