Indonesia: IDX wants to treble market cap in four years

President focuses on technical overhaul and domestic growth; Mulyani’s resignation triggers plunge

Indonesia Stock Exchange (IDX), company president director Ito Warsito

“Our goal is to maintain our independence, to ensure fair treatment for all participants”

Ito Warsito, IDX

Indonesia’s stock exchange is embarking on an ambitious programme of growth that aims to treble the market capitalization of the exchange by 2012, according to its president. Speaking to Euromoney in his office at the Indonesia Stock Exchange (IDX), company president director Ito Warsito says that he and his colleagues set the target in early 2009. “At the end of 2008,” he says, “the market capitalization of Indonesia’s stock market was just over Rph1,000 trillion – just under $100 billion.

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