The Indonesian government claimed to have been preparing a package of measures to secure the stock market turmoil of the global economic crisis going on today.
Despite the fact that the composite share price index in Indonesia Stock Exchange is still positive growth, but the government still do anticipate slump in stock prices.
Chairman of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK), Nurhaida said it had prepared Crisis Management Protocol (CMP).
"As known, in 2011 a lot of things that concern us, CMP already exists in Bapepam and the Indonesia Stock Exchange is also there," said Head of Bapepam-LK, Nurhaida, when the Media Workshop, in Cisarua, Puncak, West Java, Saturday, December 10 2011.
Most importantly, said Nurhaida, stage of completion of the CMP was over prepared that are needed when the condition of the global market declining. In the Ministry of Finance, CMP prepared by the three institutions of Bapepam-LK, the Fiscal Policy Office (BKF), and the Directorate General of Debt Management (DGAT).
"Bapepam-LK-related capital markets, there is a CMP in DGAT-related securities in the state, and CMP-related BKF fiscal policy," he said.
Later, the word Nurhaida, will disingkronisasikan CMP at the MoF, which will in combination with the CMP made by Bank Indonesia and the CMP will be a national level.
"If it's a national crisis. But this is not finished, this is important in the near future should have a national CMP, so we are ready with a crisis situation," he said.
Despite the fact that the composite share price index in Indonesia Stock Exchange is still positive growth, but the government still do anticipate slump in stock prices.
Chairman of Capital Market Supervisory Agency and Financial Institution Supervisory Agency (Bapepam-LK), Nurhaida said it had prepared Crisis Management Protocol (CMP).
"As known, in 2011 a lot of things that concern us, CMP already exists in Bapepam and the Indonesia Stock Exchange is also there," said Head of Bapepam-LK, Nurhaida, when the Media Workshop, in Cisarua, Puncak, West Java, Saturday, December 10 2011.
Most importantly, said Nurhaida, stage of completion of the CMP was over prepared that are needed when the condition of the global market declining. In the Ministry of Finance, CMP prepared by the three institutions of Bapepam-LK, the Fiscal Policy Office (BKF), and the Directorate General of Debt Management (DGAT).
"Bapepam-LK-related capital markets, there is a CMP in DGAT-related securities in the state, and CMP-related BKF fiscal policy," he said.
Later, the word Nurhaida, will disingkronisasikan CMP at the MoF, which will in combination with the CMP made by Bank Indonesia and the CMP will be a national level.
"If it's a national crisis. But this is not finished, this is important in the near future should have a national CMP, so we are ready with a crisis situation," he said.
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