Indonesia takes currency, market measures after rupiah and shares fall

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JAKARTA: Indonesia's financial services regulator has allowed listed companies to buy back their stocks without shareholders' approval, while the central bank conducted "bold" currency intervention to calm markets, officials said on Wednesday.

"Moves in local financial markets ...create a headache for the central bank," said Capital Economic's chief emerging markets analyst William Jackson.

Iman Rachman, chief executive of the Indonesia Stock Exchange, said Tuesday's index drop has not affected the pipeline for initial public offerings.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: Stock IDX Currency Markets Rupiah Buyback /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 13:53:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27166217

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