The Indonesia Stock Exchange (IDX) Celebrates Its Seventeenth Birthday
On July 13, 2009, the Indonesia Stock Exchange (IDX) celebrated its 17th Anniversary at the Gallery Room of IDX. The event was marked by the cutting of Tumpeng (a cone-shaped mountain of steamed yellow rice) by Mr. Ito Warsito as the President Director of IDX in front of IDX current Board of Commissioners and Directors, as well as IDX previous Board of Commissioners and Directors.
The capital markets in Indonesia had actually existed long before the Independence of Indonesia. The first stock exchange in Indonesia was established on 1912 in Batavia during the Dutch colonial era. At that time, the Exchange was established for the interest of the Dutch East Indies (VOC).
During that period the capital markets grew gradually, and even became inactive for a period of time due to various conditions, such as the World War I and II, power transition from the Dutch government to Indonesian government, etc.
Indonesian government reactivated its capital market in 1977, and it has grown rapidly ever since, along with the support of incentives and regulations issued by the government.
The Surabaya Stock Exchange was merged into the Jakarta Stock Exchange. As a result, the JSX changed its name into the Indonesia Stock Exchange.
Article Source: Indonesia Stock Exchange website