Optimism at the JSX

Optimism at the JSX

Considering various indicators in the Indonesian economic sector for the past few months, it would not be too much to ask of foreign fund managers to revised their composite index at the Jakarta Stock Exchange (JSX) from 600 to 650 as soon as possible.

The international confidence in the Indonesian economy has been attributed to the rupiah appreciation against the US dollar as well as the decrease in Bank Indonesia certificates' and fixed deposit's interest rates.

The Indonesian Bank Restructuring Agency's (IBRA) policy to sell bank assets and restructure the debt of state and private enterprises has also led to the optimism at JSX. The international confidence in the Indonesian economy, however, should not be considered as something that can be taken for granted.

The Indonesian economy which has started to recover from a protracted crisis can continue to grow if the government, the House of Representatives and judicial institutions as well as democratic press are able to carry out their own duties properly.

-- Bisnis Indonesia, Jakarta