January 30, 2026 | 10:15 am
TEMPO.CO, Jakarta - The President Director of the Indonesian Stock Exchange (IDX), Iman Rachman, announced his resignation from his position on Friday, January 30, 2026. This resignation came after the turmoil in the Indonesia Composite Index (IHSG) over the past two days.
"I'm resigning as the President Director of the Indonesian Stock Exchange. I hope this is for the best of the capital market. Hopefully, with my resignation, our capital market will become better," Iman told reporters in the BEI media room.
Iman, who has been serving as President Director since 2022, stated that his resignation is a form of responsibility. "I believe this is my responsibility as the President Director of the Indonesian Stock Exchange," he said.
He expressed his hope that the IHSG would improve after his resignation. "Hopefully, our IHSG, which opened stronger this morning, will continue to strengthen in the following days."
He did not hold a question-and-answer session with the media. He was only there to announce his resignation. Iman has been with IDX since 2022 and will end his tenure in 2026.
Previously, the 8 percent decline in the IHSG on Thursday, January 29, 2026, triggered a temporary trading halt. The trading halt for IHSG also occurred the day before.
The consecutive decline in the IHSG over two days occurred after Stanley Capital International (MSCI) temporarily froze Indonesian stock index rebalancing. This move aligns with MSCI's review of the rules concerning the number of publicly traded shares (free float) on the Indonesian stock exchange.
Read: IHSG Edges Lower Following Morning Trading Halt
Click here to get the latest news updates from Tempo on Google News
Measures Taken by Indonesia's OJK and IDX After MSCI Decision
46 menit lalu
OJK and IDX take steps in response to MSCI's decision to temporarily freeze the rebalancing of Indonesian stocks composition and weight.
IHSG Edges Lower Following Morning Trading Halt
15 jam lalu
The IHSG closed lower on Thursday despite a mid-morning trading halt triggered by an 8% drop.
OJK Head to Work at IDX to Reform Stock Market
17 jam lalu
OJK and the capital market's Self-Regulatory Organization (SRO) are currently focusing on steps to improve the market.
IHSG Plunge: A Turning Point for Capital Market Reform?
19 jam lalu
The Jakarta Composite Index (IHSG) plummeted 8 percent on Thursday morning, January 29, 2026, prompting the trading halt.
IDX to Require Minimum 15% Free Float
19 jam lalu
This adjustment follows MSCI's announcement to temporarily freeze Indonesia stock index rebalancing.
Purbaya Dismisses IHSG Turmoil as Fundamental Weakness
20 jam lalu
Finance Minister Purbaya Yudhi Sadewa labels the recent IHSG trading halts a temporary market shock.
BCA to Buyback Rp5 Trillion in Shares
23 jam lalu
PT Bank Central Asia (BCA) Tbk will conduct a share buyback of its shares that have been issued and listed on the Indonesia Stock Exchange (IDX).
IHSG Plunges 8%, Forcing IDX to Halt Trading Again
1 hari lalu
IDX temporarily halted trading on Thursday, January 29, 2026, at 09:26 Jakarta Automated Trading System (JATS) time.
IDX Halts Trading After IHSG Plunges 8%
1 hari lalu
The Indonesia Stock Exchange (IDXI) temporarily halts trading after the Indonesia Composite Index (IHSG) fell by 8 percent.
IDX to Discuss Index Rebalancing with MSCI
1 hari lalu
IDX responds after Morgan Stanley Capital International (MSCI) temporarily freezes the rebalancing of Indonesian stocks.
