Financial consultant urges OJK to detail IHSG decline drivers
Elvi Diana said more specific explanations of domestic and global factors are needed to preserve investor confidence.
Financial consultant and planner Elvi Diana urged the government and the Financial Services Authority, Otoritas Jasa Keuangan, to provide a more detailed and transparent explanation of the factors weighing on the Composite Stock Price Index, Indeks Harga Saham Gabungan. In a written statement in Jakarta on Saturday, she said the regulator's description of a mix of domestic and global factors still needs to be made more specific so the public can understand it easily. Elvi said that transparency is important to give investors certainty amid pressure in the capital market. She asked that the explanation cover domestic economic conditions, fiscal and monetary policy, investment sentiment, and global geopolitical developments. Elvi also suggested that the government prepare steps to support financial market stability and the investment climate, while Komisi XI DPR RI is asked to continue overseeing the response from the government and regulators.