The Financial Service Authority [OJK] had their commitment to enhance
capacity of the domestic capital market whereby it might serve as alternative
financing beside the banking industry. For that matter OJK encouraged the
inclusive monetary system in the capital market. “This is warning to us all how
to enhance access for the public to the capital market. Our strategy would
focus effort on promoting capital access in all big cities and the remote
areas” Muliaman Darmansyah Hadad, Chairman of the board of commissioner of OJK,
disclosed this at the National Seminar on Financial Literacy in Jakarta on
Tuesday [21/5].
In regard to that matter, to educate the public about the advantages on
investing in the capital market would be enhanced, whereby to enable the capital
market in indonesia to grow better.
The stimulate people’s curiosity of the capital market, the number of
companies which would be emitents or members of the stock market would be
increased. “If the capital market would be turned into capital access, there
should be more emitents entering the Indonesia security exchange and build more
infra structure to energize the public’ Muliaman said.
Muliaman further remarked that increased people’s knowledge of the stock
market including all the benefits and the risks would indirectly increase
capacity of the stock market as capital access. Hence the market could be
expected to contribute significantly to economic stability and growth in
Indonesia.
Financial Literacy still low
In the same opportunity furthermore Muliaman could called out all people
to be literate and smart about money, because literacy level of Indonesians
about finance was still low. “Financial literacy of the people is rated as
still low so it becomes an important topic not just in facing crisis, but also
to establish financial climate which was confident, especially in responding to
crisis such as the global crisis of 2008. They [the G20 group] suffered most as
they are not ready economically” he said.
By being financially literate, the financial industry could progress
swiftly while the middle class would increase in number. By prediction in 2020
the middle class could reach 100 million people, so an effective financial
service was needed. “Unless we can respond to challenges effectively, we will
have to face problems’ Muliaman remarked.
To support the proposition, OJK applied several strategies the way it
was applied in other countries, i.e. to set up an inclusive financial
institution, which means financial educational program must touch all levels of
the society. The same perception was also necessary so there would be a sense
of management. Furthermore to enhance public comprehension of financial roles.
To promote financial literacy means to increase knowledge, step up skill
and competence, and strengthen confidence so the general public was able to
manage personal finance properly and effectively.
On the occasion were present representatives of the Indonesian Security
Exchange [BEI], BNI, Mandiri Securities, the Association of Indonesia financing
[APPI] and other financial institutions. (SS)
Business News - May 24,2013
No comments:
Post a Comment