Finance Minister Urges IDX to Strengthen Oversight of Investor Behavior

October 9, 2025 | 03:14 pm

TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa is considering providing fiscal incentives requested by the Indonesia Stock Exchange (IDX). However, the incentives will be provided if IDX meets the conditions set by the state treasurer.

According to Purbaya, the President Director of the IDX, Iman Rachman, directly requested the incentives during a dialogue at the IDX office in Jakarta on Thursday morning, October 9, 2025. "The IDX President Director also asked for incentives, which I may or may not grant," said Purbaya after the meeting.

The Minister of Finance stated willingness to provide relief or incentives on the condition that IDX must regulate investor behavior to comply with healthy rules and ethics in the capital market.

He urged IDX to curb speculative stocks. "So I said I will provide incentives if you (Stock Exchange) have regulated investor behavior in the capital market. This means controlling speculative activities to protect small investors, then I will consider the incentives," said Purbaya.

The former LPS Commissioner did not explain the incentives that would be provided in detail. He stated that there are several incentives requested by the IDX President Director, including tax incentives. Purbaya assured that if IDX can improve the condition of the capital market, he will comply with the provision of incentives.

Purbaya also added that the goal is not to boost the capital market, but to drive the economy. The Finance Minister has placed funds of Rp200 trillion in state-owned banks. The injection of liquidity aims to stimulate credit and economic growth. If the economy improves, he said, the stock market will rise.

According to Purbaya, movements in the stock market reflect investors' expectations for the future. "The liquidity has only been flowing for less than a month; it's not possible for it to suddenly run out. But they (investors) can calculate what the future economy will be like," he said.

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