Indonesia's Ministry of Finance joined a joint government press conference with economic ministries and representatives from the Financial Services Authority, the Indonesia Stock Exchange and the Indonesian Central Securities Depository, reiterating the government’s commitment to maintaining national financial system stability while accelerating reforms aimed at strengthening capital market integrity. The government pointed to ongoing macro and financial resilience, including gross domestic product growth of 5.04% in the third quarter with expectations of an uptick in the fourth quarter, December 2025 inflation of 2.92% within the state budget target of 2.5% (±1%), foreign exchange reserves of USD 156.5 billion (equivalent to 6.2 months of imports), and a fiscal deficit kept below 3%. Banking system indicators cited included 9.6% credit growth, 13.83% deposit growth and a 25.87% capital adequacy ratio, with the debt-to-GDP ratio stated to be below 40%. Under presidential direction, the reform agenda highlighted accelerating stock exchange demutualisation, raising the minimum free float to 15% in line with global standards to support liquidity, and tightening rules on beneficial ownership and shareholder affiliations to improve ownership transparency. The government also stated it would not tolerate stock price manipulation, with the Indonesia Stock Exchange and law enforcement expected to take firm action against breaches of exchange rules, Financial Services Authority regulations and applicable financial-sector laws. The Financial Services Authority reported that the resignations of three Board of Commissioners members had been handled under existing provisions with interim appointments made, and stated that capital market reforms would continue across issuer quality, retail investor literacy and protection, liquidity deepening and market conduct supervision; the Indonesia Stock Exchange said trading operations remained normal under an interim chief executive appointment and committed to enhanced transparency, governance and faster alignment with global index provider expectations.
Ministry of Finance (Indonesia) 2026-01-31
Indonesia's Ministry of Finance backs capital market integrity reforms including a 15% minimum free float and accelerated exchange demutualisation
Indonesia's Ministry of Finance, with economic ministries and financial authorities, reaffirmed its commitment to financial stability and capital market reforms, highlighting GDP growth, controlled inflation, and robust banking indicators. Key reforms include accelerating stock exchange demutualisation, increasing the minimum free float to 15%, enhancing transparency and governance, firm action against stock price manipulation, and ongoing capital market reforms.