BEI Optimistic About Strong Economic Growth Next Year

Jakarta (Antara Bali) -- The Indonesia Stock Exchange (BEI) is optimistic that the national economy will see robust growth in 2015, which will have a positive impact on the capital market.

"In 2015, the BEI will focus on improving the efficiency and effectiveness of trading processes in the increasingly reliable stock exchange. By doing so, we will be able to perform better than other stock exchanges in the region," the President Director of the BEI, Ito Warsito, said while revealing the business plans of the stock exchange for 2015 here on Wednesday.

Warsito added that the BEI projected the average daily transaction value of shares in 2015 to be Rp7 trillion. Here, it referred to the macroeconomic assumptions that set the national economic growth rate at 5.5 to 5.7 percent, the inflation rate at 5.5 to 5.75 percent, the interest rate on three-month state treasury notes at 6.20 percent, the interest rate on rupiah deposits at 8.20 percent and the rupiah's exchange rate against the dollar at Rp12,000.

The BEI also expects the number of issuers listing new shares or making initial public offerings (IPO) to increase to 35 next year from 30 this year, while 60 other issuers will carry out right offerings next year.

The stock exchange also projected the average daily transactions of state securities (SBN) reported through the Centralized Trading Platform Value Added Service (CTP VAS) to be Rp4.03 billion and the average daily transactions of corporate bonds to be Rp1.17 billion.

Furthermore, Warsito noted that the stock exchange will allocate Rp109.73 billion for the development of information technology and its offices next year. The figure reflects a 1.15 percent decline from Rp111 billion allocated in 2014.

"This decline is because part of the investment of 2014 will be realized in 2015. So this will not be repeated next year," he explained.

The BEI has set aside Rp24.79 billion to finance a number of activities in 2015, including the development of the market to increase the number of investors, issuers and new products in the Indonesian capital market, he reiterated. (WDY)