Jakarta – Finance Minister Purbaya Yudhi Sadewa has stated the government is withholding potential incentives for the Indonesian capital market until evidence emerges of arrests related to manipulative stock trading, commonly known as “fried rice” shares.
Speaking at The Westin, Jakarta, on Thursday (20/11/2025), purbaya questioned the progress in addressing the issue. “It can’t be implemented yet, I haven’t seen it, how many fried players have been arrested? Are there any?” he said.
Purbaya had previously indicated a willingness to offer incentives if the practice of share manipulation ceased. He acknowledged the form of these incentives remains under discussion. “(The form of incentives) will be discussed later because they haven’t been finalized yet. We’ll see later,” he stated.
The Minister’s comments follow a call for the Indonesian Stock Exchange (BEI) to resolve the problem of manipulative trading. the financial Services authority (OJK) has responded by announcing increased monitoring of capital market activity.
OJK Chief Executive of Capital Market Supervision,Derivative Finance and the Carbon Exchange,Inarno Djajadi,affirmed the importance of investor protection and market integrity,aligning with purbaya’s concerns. “In line with the Minister of finance’s message conveyed in a dialog with the capital market last week, Mr. Purbaya emphasized the importance of increasing public trust in the capital market. One way is to ensure that capital market transactions run fairly regularly and efficiently,” Inarno explained during a speech at the BEI Main Hall,Jakarta,on Friday (17/10/2025).
(ily/hns)