Jakarta, Aug. 11 -- Chairman of Indonesia's Financial Services Authority (OJK), Mahendra Siregar, highlighted the crucial role of the capital market in sustaining the country's economic stability.

Indonesia's economy grew by 5.12 percent year-on-year (yoy) in the first half of the year, a figure Mahendra said reflects the strong foundation of the national economy.

"Despite facing significant pressure in the second quarter and earlier this year, Indonesia's capital market has continued to demonstrate resilience and a strong adaptability," Mahendra stated during the 48th anniversary of the Indonesian Capital Market at the Indonesia Stock Exchange (IDX) in Jakarta on Monday.

He noted that this resilience underscores the increasing robustn...