Jakarta, Feb. 1 -- President Prabowo Subianto has urged the Financial Services Authority (OJK) and the Indonesia Stock Exchange (IDX) to continue safeguarding capital market stability amid ongoing policy transitions and organizational restructuring.

The president's directive was conveyed by Coordinating Minister for Economic Affairs Airlangga Hartarto in Jakarta on Saturday (Jan. 31), following a wave of resignations among the leadership of the two self-regulatory organizations (SROs).

"Mr. President has instructed the acceleration of measures to strengthen market integrity, including structural reforms of the capital market through stock exchange demutualization and efforts to improve liquidity by raising the minimum free float to 15 p...