The Indonesia Stock Exchange (IDX) is weighing a change in regulations to make it easier for foreign companies, especially tech giants, to directly list on the local bourses, said a top executive at the exchange, adding that the new rules are expected to be finalised this year.
Saptono Adi Junarso, IDX’s division head of listed companies’ service and development, said that currently, only a company with a legal entity in Indonesia can list on the exchange. Therefore, foreign companies don’t make the cut. “It’s impossible to change the legal entity, thus we are studying a feasible rule for foreign companies,” Junarso told DealStreetAsia.