Government urges investors not to panic over Gibran resignation
Officials see only a short-lived market impact, but investors who wait too long could miss the next move.
The government urged investors not to overreact to political developments, including the filing for Vice President Gibran Rakabuming Raka's resignation. Dradjad Hari Wibowo said political turbulence commonly triggers a market response in the very short term, but does not reflect economic fundamentals. He said the domestic financial market is strong enough, supported by reforms at Bursa Efek Indonesia, Otoritas Jasa Keuangan, and a stronger bond market. Dradjad also urged market participants not to stay in a wait-and-see posture too long, warning they risk being left behind as the market moves faster. Separately, he stressed that resolving the political issue falls within parliament's domain, while the government is focused on keeping the capital market and financial markets running smoothly.
Sources
Earlier in this story
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- 1 hour agoGibran asks Prabowo for time to prove diploma at PTUN
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