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Indonesian chamber of commerce supports credible capital market

Jakarta (ANTARA) – Indonesia’s Chamber of Commerce and Industry (Kadin) said it supports efforts to maintain a stable and credible capital market, stressing that strong liquidity and governance are key to sustaining investor confidence and long-term economic growth.Kadin Chairman Anindya Bakrie said the business chamber plays an advocacy role for the private sector, offering input to policymakers while respecting that regulatory decisions rest with the government.“Kadin supports a capital market that is stable and credible in the eyes of the world,” Anindya said in Jakarta on Monday, adding that such conditions are essential for Indonesia’s competitiveness internationally.He said a country’s success is often judged by the liquidity of its capital market and the quality of its governance, which together reflect regulatory certainty, transparency and trust among domestic and foreign investors.Anindya said clear rules of the game from regulators are critical, while businesses must remember that capital markets are a vital funding source alongside banks, requiring both sound governance and active participation from issuers.He added that Indonesia’s economic fundamentals remain the most important factor underpinning market confidence, saying a stable macroeconomic base would support reforms and help absorb short-term volatility.Efforts to reform regulators and the stock exchange were positive signals, Anindya said, noting that temporary market corrections during transition periods were natural and should not undermine confidence in the broader system.He stressed that capital markets must continue serving as platforms for raising funds and realising business expansion, noting they include both equity and debt instruments, not just share trading.Anindya said capital markets should be viewed as medium- to long-term investment arenas, where short-term price fluctuations matter less than corporate fundamentals such as assets, equity, employees, products and market prospects.“Our guidance is to stay calm, not panic, and remain focused on fundamentals,” he said, urging investors and businesses to maintain a long-term perspective.Separately, Danantara Indonesia Chief Investment Officer Pandu Sjahrir said capital market reform was needed for the entire ecosystem, not to serve the interests of any single institution.As a market participant, Pandu said Danantara voices what investors need to deepen Indonesia’s capital market, improve liquidity and strengthen credibility, supporting sustainable growth and broader participation over time.