Indonesia moves to loosen share buyback rules, delays short-selling to stem market chaos
As one of Asean’s worst-performing markets due to Trump’s tariff uncertainties, Indonesia is weighing looser buyback rules to help corporate giants reclaim shares without shareholder approval
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[JAKARTA] In a major move to curb heightened volatility after a recent market rout, Indonesia is considering relaxing share buyback rules without shareholder nod, a measure last used during the 2020 pandemic to stabilise markets amid the Covid-19-driven turmoil.
The decision follows a joint dialogue on Monday (Mar 3) between regulators – the Financial Services Authority (FSA) and the Indonesia Stock Exchange (IDX) – and blue-chip conglomerates such as Sinar Mas and Barito Pacific, as uncertainty over US President Donald Trump’s tariff policies rattles investors.
Following the discussion, the IDX has also postponed the launch of short-selling for domestic retail investors – originally set for the second quarter – due to prevailing market turbulence.
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