DPR Confident IHSG Can Return to 9,000, Appointment of OJK Board Chairman is Key
Jakarta, CNBC Indonesia - Chairman of Commission XI of the DPR, Mukhamad Misbakhun, revealed that the process of selecting candidates for Chairman and Deputy Chairman of the Board of Commissioners of the Financial Services Authority (OJK) is still in the selection stage, led by the selection committee headed by Finance Minister Purbaya Yudhi Sadewa.
He said that no new candidates for the leadership of the OJK have been submitted by the government to the DPR for a fit and proper test.
“Therefore, it is also necessary to complete it soon after the formation of the Selection Committee,” said Misbakhun in the Power Lunch program on CNBC Indonesia, quoted on Thursday (February 26, 2026).
Once the Selection Committee has submitted the names of candidates for the OJK leadership, Misbakhun ensured that the DPR will conduct an open fit and proper test, and select new OJK leaders based on their ability and capacity to manage the financial sector and come from the best sons and daughters of the nation.
“Of course, this is an agreement in the political arena of the DPR because the process in the law is like that. But we are looking for the best sons and daughters of the nation who have the ability and capacity in the financial sector,” he emphasized.
Misbakhun stressed that the sooner the government submits the names of those who deserve to fill the positions of the definitive OJK leadership, the sooner Indonesia will be able to strengthen the financial services industry, including the Indonesia Stock Exchange (IDX), after the MSCI issue which caused the IHSG to fall below the 9,000 level.
“We haven’t brought it back to the 9,000 level yet because it takes time, but what is being done is quite adequate to move towards that because they are the interim officials,” he said.
Finance Minister Purbaya Yudhi Sadewa revealed that a number of candidates have registered in the selection process for Chairman and Deputy Chairman of the Board of Commissioners of the Financial Services Authority (OJK) which has been ongoing for the past two weeks.
However, he admitted that the number of candidates who have registered is considered to be not many.
“There are a few, but I think there are still not many,” said Purbaya when met at the Ministry of Finance, Tuesday (February 24, 2026).
As is known, the selection process will be closed on March 2, 2026. Purbaya admitted that until now, the Acting Chairman and Deputy Chairman of the OJK Board of Commissioners, Friderica Widyasari Dewi, has not been seen registering.
“I haven’t seen (Friderica registering). Not yesterday, but the day before yesterday, I haven’t seen it,” he said.
Purbaya also admitted that until now, the registration has been filled by OJK internal employees and players in the financial services industry.
“There are OJK employees, there are also people from the financial sector who have registered,” he said.
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