Jakarta, Oct. 17 -- Indonesia's sovereign wealth fund manager, Danantara Indonesia, has called on state-owned enterprises and their subsidiaries to accelerate initial public offerings to strengthen the country's capital market.

Danantara Chief Investment Officer Pandu Sjahrir said Friday the agency is committed to supporting the growth of Indonesia's stock market by stimulating both supply and demand.

"On the supply side, we aim to encourage companies under Danantara that are ready to become quality issuers on the exchange," Sjahrir said during a seminar at the 2025 Capital Market Summit & Expo at the Indonesia Stock Exchange (IDX).

Currently, 24 state-owned enterprises (SOEs) and their subsidiaries are listed on the IDX, out of 966 to...