Finance Minister tells regulators to stay away from market players

Esther Samboh, The Jakarta Post, Jakarta | Wed, 11/10/2010 1:06 PM

Finance Minister Agus Martowardojo told capital market regulators on Wednesday to stay away from market players to maintain objectivity.

"Regulators must maintain their objectivity. [Capital market regulators] should stay away from players," Agus told hundreds of participants at the Investor Summit and Capital Market Expo at the Ritz-Carlton Hotel Pacific Place in Jakarta.

Agus spoke before officials of the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) and the Indonesia stock exchange (IDX) in hopes for the capital market to better improve.

He added the market had shown stellar performance, with the composite index scoring all time highs and overall market capitalization surpassing Rp 3,100 trillion (US$ 340 billion)

"Average daily transaction on the stock exchange reaches Rp 4.5 trillion. That's impressive," Agus said.