The Indonesia Stock Exchange (IDX) has deemed that publicly-listed company Lippo Cikarang, has been responsive and cooperative in its disclosure of the legal case regarding the Meikarta project. (Reuters Photo/Iqro Rinaldi)

IDX Opens Two New Offices in Central Kalimantan and Bangka Belitung

BY :SARAH YUNIARNI

OCTOBER 26, 2016

Jakarta. The Indonesia Stock Exchange, or the IDX, has expanded its network by opening two new representative offices in Palangkaraya, Central Kalimantan, and in Pangkalpinang in the Bangka Belitung Islands, in a bid to persuade local private firms — especially those outside Java — to get themselves listed at the IDX, its official said in a statement on Tuesday (25/10).

"We hope there will be a positive synergy between the IDX and the local community, government, institutions and universities to improve local welfare and business," IDX development director Nicky Hogan said in the statement.

The new IDX offices in Palangkaraya and Pangkalpinang are expected to become reference points for local firms seeking consultancy on the stock market. The staffers there will also educate local companies on the benefits of listing their companies at the stock exchange.

The new office in Pangkalpinang — the 21st IDX office in Indonesia — was inaugurated by Bangka Belitung deputy governor Arsani Hidayat on Monday. The event was also attended by IDX director Alpino Kianjaya and IDX Palangkaraya's board of directors. The IDX also used the event to promote its online information service called Go Public.

The IDX Palangkaraya office was opened the next day in a ceremony attended by Central Kalimantan governor Lewis Sabran and Central Kalimantan Financial Services Authority head Dadang Ibnu Windartako.

The IDX also signed an agreement through its subsidiary, the Indonesian Capital Market Institute TICMI, with Palangkaraya University. Under the agreement, the university will send their best graduates to the IDX.

The stock exchange has been making a lot of effort to reach their target of hitting Rp 6,300 trillion ($485 billion) in market capitalization by 2017 — encouraging private firms to list their companies on the stock exchange and holding workshops and events all across Indonesia.

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