Fiscal Authority's Strong Grip on the Capital Market

The government’s grip on the capital market is expected to tighten further. In addition to the potential acquisition of shares in the Indonesia Stock Exchange (BEI), publicly listed companies will begin submitting their financial reports centrally to a platform owned by the Ministry of Finance (Kemenkeu).

Both avenues for strengthening the Ministry of Finance’s role in the capital market originate from the Law on the Development and Strengthening of the Financial Sector (P2SK). Based on the latest revision, namely Law No. 4/2026, the Ministry of Finance, Bank Indonesia (BI), and Danantara can become shareholders of the Indonesia Stock Exchange (BEI).