JAKARTA (TheInsiderStories) – Self Regulatory Organization (SRO) give a various stimulus to capital market communities ease the burden on publicly listed companies and securities house. Indonesia Stock Exchange (IDX) decided cut initial listing dee up to 50 percent for the new issuer.
Based on the statement released on Sunday (06/22), Indonesian Clearing and Guarantee Corporation also prepared a stimulus in the form of relaxation of the guarantee fund by relief of the guarantee deposit quote to the clearing member. The amount of relaxation is set at 0.005 percent of the value of each exchange transaction on equity securities. Previously the amount was 0.01 percent.
Then, PT Indonesian Central Securities Depository will provide relief for the issuers of fee relief in the form of waiver of the e-Proxy usage fee, and the initial registration fee for the securities issued through equity crowd-funding. The agency also reduced the annual registration fee by 50 percent on securities issued through equity crowd-funding.
Furthermore, the securities depository office also provided a stimulus to securities companies and custodian banks in the form of providing alternative connection networks using virtual private networks (VPN) and adjusting safekeeping fees from previously 0.005 percent to 0.0045 percent per year. Other stimuli are for the mutual fund industry in the form of alternative network connections using VPN, adjusting the monthly cost of registered investment products, and waiving the registration fee for investment products.
Last April, FSA reported, fund raising through the capital market worth of Rp28.3 trillion (US$2.02 billion) with 22 new issuers. In the pipeline there are 53 issuers that will conduct a public offering with a total indication offering of Rp21.2 trillion.
In this year, the regulator targeting, total emissions in the stock and bond market to reach Rp200 trillion and 70 issuer become a listed company. Last year, public offering through the local bourse recorded Rp161 trillion and 60 firms listed at the IDX.
“We are still quite optimistic because last year the public offering in the capital market is Rp161 trillion with 60 companies listed. Our JCI (Jakarta Composite Index) volatility is also quite maintained moved between 6,000 – 6,200,” the chairman, Wimboh Santoso remarked at the Annual Meeting of Financial Industry on Jan. 16.
The regulator stated, will keep a close watch on stability financial services sector in the midst of the COVID-19, which until April was recorded still in awake condition. This is indicated by the service sector intermediation finance that posted a positive performance and risk profile for the service industry finances remain in control.
Economic data shows that the epidemic has caused significant pressure on the global economy. International Monetary Fund predicts that world economic growth will contract by 3 percent with the growth of emerging markets also projected contracted by 1 percent.
Through a number of anticipatory policies (pre-emptive) and forward looking assessments as reflected in Indonesia’ financial, fiscal and monetary sector stimulus able to control volatility in the financial markets which had risen sharply as the spread of virus increased.
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