Dony Oskaria: State-Owned Issuers as Pillars of Stock Market Stability

JAKARTA — In the face of stock market movements still shadowed by global and domestic uncertainty, state-owned enterprises (SOEs) remain one of the key foundations underpinning Indonesia’s stock market stability. Dony Oskaria, Head of BP BUMN and Chief Operating Officer of Danantara, said that state-owned enterprise issuers continue to show solid fundamentals amid the swings in the Jakarta Composite Index (JCI). He noted that the strength of SOE issuers is evident not only in business achievements and operational performance but also in their contribution to strengthening the resilience of the national stock market. Amid stock market fluctuations, the presence of SOEs on the exchange floor is regarded as an anchor helping to maintain investor confidence. The steady performance of state-owned issuers is said to support optimism about the national economic outlook, while reinforcing the resilience of Indonesia’s stock market in the face of global economic challenges. Oskaria assessed that the contribution of state-owned companies to the stock market is reflected not only in financial statements but also in their ability to safeguard the stability of the investment ecosystem. This is seen as an important factor when the market faces external pressures or shifts in investor sentiment. During the visit, Oskaria was accompanied by Deputy Speaker of the Indonesian House of Representatives Sufmi Dasco Ahmad, Danantara CEO Rosan Roeslani, OJK Chair Friderica Widyasari Dewi, and members of the IDX Board of Directors. The inter-agency meeting formed part of efforts to strengthen coordination among stakeholders in monitoring market conditions in real time. The synergy between regulators, market authorities, and financial industry players is regarded as vital for Indonesia’s capital market to remain healthy, resilient, and able to face various economic challenges. In addition, the coordination is aimed at maintaining a national investment climate that remains competitive, conducive, and sustainable. Therefore, strengthening governance of investments and the financial sector continues to be encouraged to create a healthier, more transparent, and sustainable market ecosystem. Through these measures, BP BUMN and Danantara hope the national stock market can become stronger in supporting Indonesia’s economic growth and deliver broader benefits to society.