Indonesia is gearing up for the political year of 2024. Surprisingly, this democratic celebration does not seem to burden the investment market. The target for the capital market investors in 2024 is expected to continue growing, even amidst the onslaught of global geopolitics and the democratic festivities of the general election.
The Chief Executive Officer of the Indonesia Central Securities Depository (KSEI), Samsul Hidayat, addressed the challenges anticipated in 2024. Investors are likely to closely monitor the developments surrounding the transition to a new government, especially the economic policies to be implemented by the newly appointed Minister of Economy.
“In 2024, the electoral process will undoubtedly be a focal point for investors, as they closely monitor and assess the potential impact of the transition to a new government. This scrutiny extends particularly to the economic policies that will be spearheaded by the newly appointed Minister of Economy,” emphasized Samsul during a recent press conference in Jakarta’s SCBD area on Wednesday (27/12).
Despite these considerations, Samsul expressed optimism and outlined ambitious goals for the investment market in 2024. The target is not only to navigate the political transition smoothly but also to welcome an additional 2.5 million new investors annually. This aligns with the roadmap set by the Financial Services Authority (OJK), aiming to reach a total of 20 million investors by the year 2027.
“We play a vital role in this journey, and hence, we aim for an annual influx of at least 2.5 million new investors. This ambitious target isn’t exclusive to KSEI; it extends to the Indonesia Stock Exchange (BEI) and the Indonesian Central Securities Depository (KPEI). We are committed to contributing to OJK’s overarching goal, with the hope that by 2027, the investor count will reach the coveted 20 million milestone,” elucidated Samsul.
Looking ahead, the projections indicate that the investor base will witness significant growth, soaring from 12.3 million in 2024 to an anticipated 15.5 million investors. Samsul emphasized that this positive trajectory is built on the momentum observed in 2023.
“In 2023, we recorded a substantial 17.6% growth in the number of investors registered with KSEI, soaring from 10.32 million in December 2022 to 12.12 million by November 2023. This remarkable growth, albeit a slight dip from the exceptional 2022-2021 period, is a testament to the resilience of our investment landscape, even amidst challenging times,” concluded Samsul.
As Indonesia navigates its political landscape in 2024, the investment market remains a beacon of stability, poised for growth and expansion.