Indonesia's IPO momentum reflects robust investment climate: Airlangga

Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto said the continued flow of initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) reflects strong investor confidence in Indonesia's investment climate.

Speaking at the IDX Trading Opening Ceremony in Jakarta on Thursday, Airlangga said the government remains committed to deepening the capital market as a sustainable source of long-term financing to strengthen the business sector.

"Congratulations to the new President Director of the Indonesia Stock Exchange. This is the first IPO (since taking office)," Airlangga said, adding that six more companies are currently in the pipeline to list their shares.

The latest listing marks Indonesia's second IPO of 2026 and comes amid heightened volatility in global financial markets.

According to Airlangga, the listing demonstrates continued business optimism about Indonesia's economic outlook.

Indonesia's economy grew by 5.61 percent in the first quarter of 2026, supported by resilient domestic consumption, rising investment, and ongoing structural reforms.

Airlangga highlighted the food and beverage (F&B) industry as one of the country's key growth engines. The sector contributed 7.31 percent to gross domestic product (GDP) in the first quarter of 2026, up from 7.20 percent in the same period a year earlier.

The industry expanded by 7.04 percent during the quarter, driven by strong consumer demand during the national religious holiday season.

Investment in the sector also remained robust. Domestic direct investment reached Rp16.34 trillion (approximately US$907.78 million), while foreign direct investment totaled Rp10.48 trillion (around US$582.22 million) in the first quarter.

"These achievements reflect high investor interest in the real sector and demonstrate that Indonesia's domestic market remains vibrant, public purchasing power is maintained and the national investment climate is on the right track," Airlangga said.

He added that investor confidence has also been supported by MSCI's decision to maintain Indonesia's status as an emerging market in its June 2026 market classification review.

Looking ahead, Airlangga said the government, together with the Financial Services Authority (OJK) and the IDX, will continue advancing capital market reforms by strengthening transparency, corporate governance, and investor protection to support sustainable economic growth.

Related news: IDX pledges to defend emerging market status amid downgrade risks

Translator: Bayu Saputra, Yashinta Difa

Editor: M Razi Rahman

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