Jakarta Stock Exchange 2025: Guide for Australian Investors

The Jakarta Stock Exchange (JSX), now known as the Indonesia Stock Exchange (IDX), is making waves across the Asia-Pacific in 2025. As Indonesia’s economy continues to surge, more Australian investors are eyeing opportunities on the IDX. But what’s driving this interest, and how can Australians tap into Southeast Asia’s largest and fastest-growing stock market?

Indonesia’s Economic Boom: Why the IDX Is in the Spotlight

Indonesia’s GDP is projected to grow by 5.2% in 2025, outpacing many regional peers. With a burgeoning tech sector, massive infrastructure spending, and a growing middle class, the country’s stock market is buzzing with activity. The Jakarta Stock Exchange hosts more than 900 listed companies, including regional tech giants like GoTo and established players in banking and commodities.

• Tech & E-commerce: Firms like Bukalapak and GoTo are drawing international capital as Indonesia’s digital economy matures.

• Banking & Finance: Major banks such as Bank Central Asia (BCA) and Bank Mandiri remain blue-chip favourites for regional funds.

• Green Energy: Indonesia’s commitment to net-zero emissions by 2060 has catalysed listings in renewables and sustainable infrastructure.

2025 Policy Shifts and Market Trends

Several policy updates in 2025 are reshaping how Australians access and invest in Indonesian equities:

• Eased Foreign Ownership: Recent regulatory changes mean Australians can now own up to 100% of shares in most listed IDX companies, eliminating previous restrictions in sectors like retail and finance.

• Tax Treaties: The revised Australia-Indonesia Double Taxation Agreement, effective January 2025, reduces withholding tax on dividends from 20% to 10% for Australian residents, boosting net returns.

• Digital Trading Platforms: Cross-border platforms such as Stake and Interactive Brokers now offer streamlined access to the IDX, including IDR-denominated stocks and ETFs.

These reforms are making the Jakarta Stock Exchange more accessible—and attractive—than ever before for international investors.

How Australians Can Invest in the Jakarta Stock Exchange

For Australians interested in Indonesia’s stock market, there are several practical approaches:

• Direct Brokerage Accounts: Open an international trading account with a provider that offers access to the IDX. This allows you to buy shares in companies like Telkom Indonesia or Astra International directly.

• ETFs & Managed Funds: ASX-listed ETFs such as VanEck FTSE Indonesia or global emerging markets funds often include significant IDX exposure, offering diversification and liquidity.

• ADR Listings: Some major Indonesian firms issue American Depositary Receipts (ADRs) on US exchanges, which Australians can buy through their local brokerages.

It’s important to consider currency risk, as the rupiah (IDR) can be volatile. Many brokers now offer currency hedging options for Australian investors.

Risks and Opportunities in 2025

Indonesia’s equity market is dynamic but not without risks. Political shifts, regulatory changes, and currency volatility can impact returns. However, the long-term fundamentals—demographics, digital adoption, and resource wealth—make Indonesia a compelling play for growth-oriented Australians.

• Case Example: In 2024, GoTo’s share price surged over 40% after a strategic partnership with a global logistics giant. Early Australian investors benefited from the uptrend, but volatility spiked during policy debates over digital taxation.

• Market Access: With the 2025 tax treaty and improved trading infrastructure, barriers for Australians are lower than ever.

Staying informed and diversifying across sectors—especially tech, finance, and infrastructure—can help mitigate risk and position your portfolio for Indonesia’s next growth phase.