Indonesia Stock Exchange Sees Economic Boost From BRICS

JAKARTA, Jan 10 (Bernama-Xinhua) – Indonesia's official entry into BRICS has the potential to increase the flow of investment capital from the group's member countries into the domestic market, according to the Indonesia Stock Exchange (IDX) on Friday, as reported by Xinhua.

"The increase in capital inflows means boosting national economic activity and growth," said Jeffrey Hendrik, IDX's director of developments.

Increasing domestic economic activity also means improving issuer performance on the IDX and overall market performance, he added.

IDX emphasised the significance of collaboration and synergy among various domestic stakeholders to maximise membership benefits and address membership concerns.

Indonesia officially joined the BRICS economic bloc on Monday.  

-- BERNAMA-XINHUA