103-680: Indonesia Stock Exchange ( IDX ) ( Indonesian : Bursa Efek Indonesia (BEI) , formerly Dutch : Vereniging voor de Effectenhandel ) is a stock exchange based in Jakarta , Indonesia . It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen
206-737: A lingua franca in the Indonesian archipelago for half a millennium. It might be attributed to its ancestor , the Old Malay language (which can be traced back to the 7th century). The Kedukan Bukit Inscription is the oldest surviving specimen of Old Malay, the language used by Srivijayan empire. Since the 7th century, the Old Malay language has been used in Nusantara (archipelago) (Indonesian archipelago), evidenced by Srivijaya inscriptions and by other inscriptions from coastal areas of
309-495: A business news channel IDX Channel , in partnership with Indonesian media giant Media Nusantara Citra . Indonesian language Indonesian ( Bahasa Indonesia ; [baˈhasa indoˈnesija] ) is the official and national language of Indonesia . It is a standardized variety of Malay , an Austronesian language that has been used as a lingua franca in the multilingual Indonesian archipelago for centuries. With over 280 million inhabitants, Indonesia ranks as
412-689: A concise overview of the indices provided by the IDX. Currently, the Indonesia Stock Exchange has 38 stock indices, as below: The Indonesia Stock Exchange observes the following trading times, where all times are based on the Jakarta Automated Trading System (JATS), currently in WIB (UTC+7): Prior to 2013, the index opened from 08.00 to 17.40, divided into the following: In November 2012, IDX received approval from
515-454: A few cases, however, coinings permanently replaced earlier Dutch terms, including pajak (earlier meaning 'monopoly') instead of belasting (tax) and senam (meaning 'exercise') instead of gimnastik (gymnastics). The Komisi Bahasa is said to have coined more than 7000 terms, although few of these gained common acceptance. The adoption of Indonesian as the country's national language was in contrast to most other post-colonial states. Neither
618-502: A large proportion of Indonesian, at least, use two language daily, those are Indonesian and local languages. When two languages are used by the same people in this way, they are likely to influence each other. Aside from local languages, Dutch made the highest contribution to the Indonesian vocabulary, due to the Dutch colonization over three centuries, from the 16th century until the mid-20th century. Asian languages also influenced
721-470: A lingua franca between vernacular Malay dialects, Malay creoles, and regional languages. The Indonesian name for the language ( bahasa Indonesia ) is also occasionally used in English and other languages. Bahasa Indonesia is sometimes improperly reduced to Bahasa , which refers to the Indonesian subject ( Bahasa Indonesia ) taught in schools, on the assumption that this is the name of the language. But
824-427: A looser sense, it also encompasses the various local varieties spoken throughout the Indonesian archipelago. Standard Indonesian is confined mostly to formal situations, existing in a diglossic relationship with vernacular Malay varieties, which are commonly used for daily communication, coexisting with the aforementioned regional languages and with Malay creoles ; standard Indonesian is spoken in informal speech as
927-616: A result of the southward expansion of Austronesian peoples into Maritime Southeast Asia from the island of Taiwan . Indonesian, which originated from Malay, is a member of the Austronesian family of languages, which includes languages from Southeast Asia , the Pacific Ocean and Madagascar , with a smaller number in continental Asia . It has a degree of mutual intelligibility with the Malaysian standard of Malay, which
1030-613: A rift between the two standardized varieties. This has been based more upon political nuance and the history of their standardization than cultural reasons, and as a result, there are asymmetrical views regarding each other's variety among Malaysians and Indonesians. Malaysians tend to assert that Malaysian and Indonesian are merely different normative varieties of the same language, while Indonesians tend to treat them as separate, albeit closely related, languages. Consequently, Indonesians feel little need to harmonise their language with Malaysia and Brunei, whereas Malaysians are keener to coordinate
1133-461: A significant influence on the development of Malay in the colony: during the colonial era, the language that would be standardized as Indonesian absorbed a large amount of Dutch vocabulary in the form of loanwords . The nationalist movement that ultimately brought Indonesian to its national language status rejected Dutch from the outset. However, the rapid disappearance of Dutch was a very unusual case compared with other colonized countries, where
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#17327653794391236-560: A system which treats the open-mid vowels / ɛ / and / ɔ / as distinct phonemes. Poedjosoedarmo argued the split of the front mid vowels in Indonesian is due to Javanese influence which exhibits a difference between ⟨i⟩ [ i ], ⟨é⟩ [ e ] and è [ ɛ ]. Another example of Javanese influence in Indonesian is the split of back mid vowels into two allophones of [ o ] and [ ɔ ]. These splits (and loanwords) increase instances of doublets in Indonesian, such as ⟨ satai ⟩ and ⟨ saté ⟩. Javanese words adopted into Indonesian have greatly increased
1339-524: A total number of speakers in Indonesia of 248.5 million. It is common as a first language in urban areas, and as a second language by those residing in more rural parts of Indonesia. The VOA and BBC use Indonesian as their standard for broadcasting in Malay. In Australia , Indonesian is one of three Asian target languages, together with Japanese and Mandarin , taught in some schools as part of
1442-539: A value of up to 105 thousand guilders with a price per share of 100 guilders. After careful preparation, the first capital market in Indonesia was finally established in Batavia ( Jakarta ) on 14 December 1912, which was named Vereniging voor de Effectenhandel or Stock Exchange and immediately started trading activities. The capital market at that time was established by the Dutch East Indies government for
1545-828: Is a standard language of "Riau Malay", which despite its common name is not based on the vernacular Malay dialects of the Riau Islands , but rather represents a form of Classical Malay as used in the 19th and early 20th centuries in the Riau-Lingga Sultanate . Classical Malay had emerged as a literary language in the royal courts along both shores of the Strait of Malacca , including the Johor Sultanate and Malacca Sultanate . Originally spoken in Northeast Sumatra , Malay has been used as
1648-565: Is amplified by the use of Indonesian slang , particularly in the cities. Unlike the relatively uniform standard variety, Vernacular Indonesian exhibits a high degree of geographical variation, though Colloquial Jakartan Indonesian functions as the de facto norm of informal language and is a popular source of influence throughout the archipelago. There is language shift of first language among Indonesian into Indonesian from other language in Indonesia caused by ethnic diversity than urbanicity. The most common and widely used colloquial Indonesian
1751-620: Is calculated on end-of-day basis. Besides Jakarta Composite Index and JII, IDX also has 4 more types of index, namely Individual Index, Sector Stock Price Index, LQ 45 Index , Main Board and Development Board Indices. At 12 May 2011 Indonesia Stock Exchange officially launched a new Indonesia Sharia Stock Index (ISSI), which comprises 214 Indonesian stocks which have been screened by the Majelis Ulama Indonesia (Indonesia Ulema Council). Fatwa Number 80 from Indonesia Ulema Council
1854-453: Is expected to make the public no longer have any doubt about making sharia investments in the capital market to eventually increase the number of the domestic investors in the Indonesia Stock Exchange. On 7 June 2017, IDX Custodian noted that there are 1,000,289 investors based on Single Identification Number (SID) or an increase of 12 percent in less than full 6 months. At the end of 2016, there were 894,116 SID. Slightly more than 50 percent of
1957-551: Is heavily influenced by the Betawi language , a Malay-based creole of Jakarta , amplified by its popularity in Indonesian popular culture in mass media and Jakarta's status as the national capital. In informal spoken Indonesian, various words are replaced with those of a less formal nature. For example, tidak (no) is often replaced with the Betawi form nggak or the even simpler gak/ga , while seperti (like, similar to)
2060-533: Is managed by a privately owned Limited Liability Company, namely the Surabaya Stock Exchange. On 12 July 1992, which has been designated as the anniversary of the JSE, the JSE officially became a private company (privatization). BAPEPAM changed to Capital Market Supervisory Agency (formerly; Capital Market Implementing Agency). One year later on 21 December 1993, PT Pemeringkat Efek Indonesia (PEFINDO)
2163-419: Is named as 'Indonesian language' is a true Malay language derived from 'Riau Malay' but which had been added, modified or subscribed according to the requirements of the new age and nature, until it was then used easily by people across Indonesia; the renewal of Malay language until it became Indonesian it had to be done by the experts of the new nature, the national nature of Indonesia" — Ki Hajar Dewantara in
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#17327653794392266-470: Is officially known there as bahasa Malaysia , despite the numerous lexical differences. However, vernacular varieties spoken in Indonesia and Malaysia share limited intelligibility, which is evidenced by the fact that Malaysians have difficulties understanding Indonesian sinetron (soap opera) aired on Malaysia TV stations, and vice versa. Malagasy , a geographic outlier spoken in Madagascar in
2369-636: Is often replaced with kayak [kajaʔ] . Sangat or amat (very), the term to express intensity, is often replaced with the Javanese-influenced banget . As for pronunciation, the diphthongs ai and au on the end of base words are typically pronounced as /e/ and /o/ . In informal writing, the spelling of words is modified to reflect the actual pronunciation in a way that can be produced with less effort. For example, capai becomes cape or capek , pakai becomes pake , kalau becomes kalo . In verbs,
2472-546: Is open from 09:00 to 15:00, and operates as follows: To increase transaction volume, starting on 2 May 2016 the Indonesia Stock Exchange introduced new tick prices with a 100-shares lot as before. Two of the primary stock market indices used to measure and report value changes in representative stock groupings are the Jakarta Composite Index and the Jakarta Islamic Index (JII). The JII
2575-498: Is perhaps the only language that has achieved the status of a national language in its true sense" since it truly dominates in all spheres of Indonesian society . The ease with which Indonesia eliminated the language of its former colonial power can perhaps be explained as much by Dutch policy as by Indonesian nationalism. In marked contrast to the French , Spanish and Portuguese, who pursued an assimilation colonial policy, or even
2678-684: Is progressing well although the securities traded are generally bonds by Dutch companies and Indonesian government bonds through the Indonesian Development Bank. Through the State Industrial Bank in 1954, 1955 and 1958 bond sales increased. The occurrence of a power dispute between the Indonesian government and the Netherlands regarding West Irian meant that all Dutch businesses were nationalized through Act No. 86 of 1958. This dispute resulted in securities from
2781-564: The British , the Dutch did not attempt to spread their language among the indigenous population. In fact, they consciously prevented the language from being spread by refusing to provide education, especially in Dutch, to the native Indonesians so they would not come to see themselves as equals. Moreover, the Dutch wished to prevent the Indonesians from elevating their perceived social status by taking on elements of Dutch culture. Thus, until
2884-693: The Indian Ocean , also in some parts of the Sulu area of the southern Philippines and traces of it are to be found among people of Malay descent in Sri Lanka , South Africa , and other places. Indonesian is taught as a foreign language in schools, universities and institutions around the world, especially in Australia , the Netherlands , Japan , South Korea , Timor-Leste , Vietnam , Taiwan ,
2987-554: The Indian Ocean ; the Philippines national language, Filipino ; Formosan in Taiwan's aboriginal population; and the native Māori language of New Zealand are also members of this language family. Although each language of the family is mutually unintelligible, their similarities are rather striking. Many roots have come virtually unchanged from their common ancestor, Proto-Austronesian language . There are many cognates found in
3090-597: The Languages Other Than English programme. Indonesian has been taught in Australian schools and universities since the 1950s. In East Timor , which was occupied by Indonesia between 1975 and 1999, Indonesian is recognized by the constitution as one of the two working languages (the other being English ), alongside the official languages of Tetum and Portuguese . It is understood by the Malay people of Australia's Cocos Keeling Islands in
3193-665: The United States , and the United Kingdom . Indonesian is the official language of Indonesia , and its use is encouraged throughout the Indonesian archipelago. It is regulated in Chapter XV, 1945 Constitution of Indonesia about the flag, official language, coat of arms, and national anthem of Indonesia. Also, in Chapter III, Section 25 to 45, Government regulation No. 24/ 2009 mentions explicitly
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3296-616: The fourth most populous nation globally. According to the 2020 census, over 97% of Indonesians are fluent in Indonesian, making it the largest language by number of speakers in Southeast Asia and one of the most widely spoken languages in the world. Indonesian vocabulary has been influenced by various regional languages such as Javanese , Sundanese , Minangkabau , Balinese , Banjarese , and Buginese , as well as by foreign languages such as Arabic , Dutch , Portuguese , and English . Many borrowed words have been adapted to fit
3399-566: The 1930s, they maintained a minimalist regime and allowed Malay to spread quickly throughout the archipelago. Dutch dominance at that time covered nearly all aspects, with official forums requiring the use of Dutch, although since the Second Youth Congress (1928) the use of Indonesian as the national language was agreed on as one of the tools in the independence struggle. As of it, Mohammad Hoesni Thamrin inveighed actions underestimating Indonesian. After some criticism and protests,
3502-447: The 2010 census showing only 19.94% of over-five-year-olds speak mainly Indonesian at home. Standard Indonesian is used in books and newspapers and on television/radio news broadcasts. The standard dialect, however, is rarely used in daily conversations, being confined mostly to formal settings. While this is a phenomenon common to most languages in the world (for example, spoken English does not always correspond to its written standards),
3605-498: The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) for its plan to start trading 30 minutes earlier and instituting a pre- and post-closing session to avoid price manipulation. In effect since 2 January 2013, the regular market opens from 09.00 to 17.40, and operates as follows: The negotiated market follows the same times as the regular market, but extends to 16:15 on all weekdays. The trading hour
3708-496: The Congress of Indonesian Language I 1938, Solo Several years prior to the congress, Swiss linguist, Renward Brandstetter wrote An Introduction to Indonesian Linguistics in 4 essays from 1910 to 1915. The essays were translated into English in 1916. By "Indonesia", he meant the name of the geographical region , and by "Indonesian languages" he meant Malayo-Polynesian languages west of New Guinea, because by that time there
3811-523: The Indonesia Stock Exchange changed the old trading system (JATS) and launched a new trading system used by the Indonesian Stock Exchange. IDX until now, namely JATS-NextG. Several other bodies were also established to increase trading activities, such as the establishment of PT Indonesian Capital Market Electronic Library (ICaMEL) in August 2011. The Financial Services Authority (OJK) in January 2012, and at
3914-641: The Indonesian Clearing and Guarantee Corporation (KPEI) was established. This was followed by the establishment of the Indonesian Central Securities Depository (KSEI) the following year, on 23 December 1997. The scripless trading system in 2000 was applied to the Indonesian capital market, and in 2002 the JSX began to apply the remote trading system. ). In the same year, the change of transaction from T+4 to T+3
4017-490: The Indonesian Stock Exchange is located in the IDX building in the Sudirman Central Business District , South Jakarta , close to Pacific Place Jakarta . Historically, the capital market has existed long before Indonesia's independence. Since the new era of the Dutch East Indies, the government began building plantations on a large scale in the Dutch East Indies. Sources of funds for building
4120-592: The Indonesian language is still in debate. High Malay was the official language used in the court of the Johor Sultanate and continued by the Dutch-administered territory of Riau-Lingga , while Low Malay was commonly used in marketplaces and ports of the archipelago. Some linguists have argued that it was the more common Low Malay that formed the base of the Indonesian language. When the Dutch East India Company (VOC) first arrived in
4223-638: The Netherlands no longer being traded on the Jakarta Stock Exchange. The Government of the Republic of Indonesia reactivated the capital market in 1977, the Stock Exchange was inaugurated by President Soeharto on 10 August 1977. JSE is run under BAPEPAM (Capital Market Executing Agency). The reactivation of the capital market was also marked by going public with PT Semen Cibinong as the first issuer. However, in 1977-1987 trading on
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4326-514: The Stock Exchange was very sluggish. The number of issuers until 1987 only reached 24 issuers. At that time, people preferred banking instruments to capital market instruments. Finally, in 1987 the Stock Exchange was deregulated by presenting the December 1987 Package (PAKDES 87) which made it easier for companies to conduct Public Offerings and foreign investors to invest in Indonesia. Stock Exchange trading activities also increased in 1988–1990 after
4429-546: The archipelago at the start of the 1600s, the Malay language was a significant trading and political language due to the influence of the Malaccan Sultanate and later the Portuguese . However, the language had never been dominant among the population of the Indonesian archipelago as it was limited to mercantile activity. The VOC adopted the Malay language as the administrative language of their trading outpost in
4532-415: The archipelago, such as Sojomerto inscription . Trade contacts carried on by various ethnic peoples at the time were the main vehicle for spreading the Old Malay language, which was the main communications medium among the traders. Ultimately, the Old Malay language became a lingua franca and was spoken widely by most people in the archipelago. Indonesian (in its standard form) has essentially
4635-400: The attack. On 15 January 2018, a mezzanine walkway that was hanging on the second floor of the IDX collapsed, causing at least 77 injuries. Most of the injured were university students who were visiting the building, when the incident occurred at about 12:10 WIB (UTC+7:00). Out of the 77 injuries, the 17 victims were hospitalized on RSAL Mintohardjo. Indonesia Stock Exchange also operates
4738-527: The benefit of the colonial government. The shares traded are shares or bonds of Dutch companies/plantations operating in Indonesia where the bonds issued by the provincial and municipal governments have company share certificates issued by the administrative office in the Netherlands and then the securities of other Dutch companies. The development of the capital market in Batavia is so fast that it attracted people from other cities. The development and growth of
4841-557: The capital market did not go as expected, even during several periods of capital market activity experiencing a vacuum. This was caused by several factors such as the war which required the stock exchange to be closed, including in 1914-1918 the stock exchange was closed due to the occurrence of World War I . During World War II , the Stock Exchanges in Semarang and Surabaya had to be closed again in early 1939 and continued with
4944-666: The capital market. IDX introduced the campaign for the first time on 12 November 2015, and this campaign is still being implemented today, and in the same year the LQ-45 Index Futures was inaugurated. In 2016, Tick Size and Autorejection limits were adjusted again, IDX Channel was launched, and this year IDX participated in the success of the Tax Amnesty activities and inaugurated the Go Public Information Center . In 2017, IDX Incubator
5047-465: The closing of the Stock Exchanges in Jakarta in 1942–1952. The transfer of power from the colonial government to the government of the Republic of Indonesia, and various conditions that caused the operation of the stock exchange to not run properly. The Jakarta Stock Exchange was re-opened by President Sukarno on 3 June 1952. Until finally the existence of the Stock Exchange was again inactive when there
5150-427: The colonial language generally has continued to function as the language of politics, bureaucracy , education, technology , and other fields of importance for a significant time after independence. The Indonesian scholar Soenjono Dardjowidjojo [ id ] even goes so far as to say that when compared to the situation in other Asian countries such as India, Malaysia, Singapore and the Philippines, "Indonesian
5253-678: The deregulation package in the banking and capital markets was launched. JSE's door is open to foreigners. The Indonesian Parallel Exchange (BPI) began operating and is managed by the Money and Securities Trading Union (PPUE) in 1988 with its organization consisting of brokers and dealers. In addition, in the same year, the Government issued the December 88 Package (PAKDES 88) which made it easier for companies to go public and several other policies that were positive for capital market growth. The Surabaya Stock Exchange (BES) began operating in 1989 and
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#17327653794395356-491: The development of national culture, science, technology, and mass media. It also serves as a vehicle of communication among the provinces and different regional cultures in the country. According to Indonesian law, the Indonesian language was proclaimed as the unifying language during the Youth Pledge on 28 October 1928 and developed further to accommodate the dynamics of Indonesian civilization. As mentioned previously,
5459-527: The early European traders and explorers brought to Southeast Asia. Indonesian also receives many English words as a result of globalization and modernization , especially since the 1990s, as far as the Internet's emergence and development until the present day. Some Indonesian words correspond to Malay loanwords in English, among them the common words orangutan , gong , bamboo , rattan , sarong , and
5562-568: The east. Following the bankruptcy of the VOC, the Batavian Republic took control of the colony in 1799, and it was only then that education in and promotion of Dutch began in the colony . Even then, Dutch administrators were remarkably reluctant to promote the use of Dutch compared to other colonial regimes. Dutch thus remained the language of a small elite: in 1940, only 2% of the total population could speak Dutch. Nevertheless, it did have
5665-621: The end of 2012, the Securities Investor Protection Fund (SIPF), and Sharia Principles and Sharia Trading Mechanisms were also launched. IDX also made several updates, on 2 January 2013, the trading hours were updated, and the following year the Lot Size and Tick Price were adjusted again, and in 2015 TICMI merged with ICaMEL. The Indonesia Stock Exchange also created a campaign called “Yuk Nabung Saham” aimed at all Indonesian people wanting to start investing in
5768-635: The evolution of the language with Indonesians, although the 1972 Indonesian alphabet reform was seen mainly as a concession of Dutch-based Indonesian to the English-based spelling of Malaysian. In November 2023, the Indonesian language was recognised as one of the official languages of the UNESCO General Conference. Currently there are 10 official languages of the UNESCO General Conference, consisting of
5871-466: The fastest membership growth in Asia. As of October 2024, the Indonesia Stock Exchange had 938 listed companies, and total number of investors has already grown to 14.2 million. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN 's largest market capitalization at US$ 881 billion as of 19 September 2024. The current location of
5974-500: The five ASEAN markets, are designed using international standards, free float adjusted, and based on the Industry Classification Benchmark (ICB). The indices comprise FTSE/ASEAN Benchmark Index and FTSE/ASEAN 40 tradable index. The FTSE/ASEAN 40 index is calculated on a real-time basis from 9:00 a.m. and the closing index is calculated at 6:00 p.m. (Singapore time). The FTSE/ASEAN benchmark index
6077-464: The frequency of Indonesian ⟨é⟩ and ⟨o⟩. In traditional Malay, high vowels (⟨i⟩, ⟨u⟩) could not appear in a final syllable if a mid-vowel (⟨e⟩, ⟨o⟩) appeared in the previous syllable, and conversely, mid-vowels (⟨e⟩, ⟨o⟩) could not appear in the final syllable if a high vowel (⟨i⟩, ⟨u⟩) appeared in the previous syllable. Traditional Malay does not allow the mid-central schwa vowel to occur in consonant open or closed word-final syllables. The schwa vowel
6180-813: The future president and vice-president, Sukarno and Hatta. Journalists, beginning a practice that has continued to the present, did not wait for the Komisi Bahasa to provide new words, but actively participated themselves in coining terms. Many of the Komisi Bahasa's terms never found public acceptance and after the Japanese period were replaced by the original Dutch forms, including jantera (Sanskrit for 'wheel'), which temporarily replaced mesin (machine), ketua negara (literally 'chairman of state'), which had replaced presiden (president) and kilang (meaning 'mill'), which had replaced pabrik (factory). In
6283-414: The investors are local investors. And almost 50 percent of the investors are mutual fund investors. On 14 September 2000, a car bomb exploded in the basement of the then-Jakarta Stock Exchange building, killing 15 people. In August 2001 an Indonesian court sentenced two members of the Indonesian special forces unit, Kopassus , Teuku Ismuhadi Jafar and Nuryadin to 20-year jail terms for masterminding
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#17327653794396386-1355: The language and established bahasa Indonesia as the national language of the new nation. The term bahasa Indonesia itself had been proposed by Mohammad Tabrani in 1926, and Tabrani had further proposed the term over calling the language Malay language during the First Youth Congress in 1926. Indonesian language (old VOS spelling): Jang dinamakan 'Bahasa Indonesia' jaitoe bahasa Melajoe jang soenggoehpoen pokoknja berasal dari 'Melajoe Riaoe' akan tetapi jang soedah ditambah, dioebah ataoe dikoerangi menoeroet keperloean zaman dan alam baharoe, hingga bahasa itoe laloe moedah dipakai oleh rakjat diseloeroeh Indonesia; pembaharoean bahasa Melajoe hingga menjadi bahasa Indonesia itoe haroes dilakoekan oleh kaoem ahli jang beralam baharoe, ialah alam kebangsaan Indonesia Indonesian (modern EYD spelling): Yang dinamakan 'Bahasa Indonesia' yaitu bahasa Melayu yang sungguhpun pokoknya berasal dari 'Melayu Riau' akan tetapi yang sudah ditambah, diubah atau dikurangi menurut keperluan zaman dan alam baru, hingga bahasa itu lalu mudah dipakai oleh rakyat di seluruh Indonesia; pembaharuan bahasa Melayu hingga menjadi bahasa Indonesia itu harus dilakukan oleh kaum ahli yang beralam baru, ialah alam kebangsaan Indonesia English : "What
6489-412: The language of politics , education , and nation-building in general, Indonesian became one of the few success stories of an indigenous language effectively overtaking that of a country's colonisers to become the de jure and de facto official language. Today, Indonesian continues to function as the language of national identity as the Congress of Indonesian Youth envisioned, and also serves as
6592-432: The language of education, literacy , modernization , and social mobility . Despite still being a second language to most Indonesians, it is unquestionably the language of the Indonesian nation as a whole, as it has had unrivalled success as a factor in nation-building and the strengthening of Indonesian identity. Indonesian is spoken as a mother tongue and national language. Over 200 million people regularly make use of
6695-612: The language was based on Riau Malay, though linguists note that this is not the local dialect of Riau, but the Malaccan dialect that was used in the Riau court . Since its conception in 1928 and its official recognition in the 1945 Constitution, the Indonesian language has been loaded with a nationalist political agenda to unify Indonesia (former Dutch East Indies ). This status has made it relatively open to accommodate influences from other Indonesian ethnic languages, most notably Javanese as
6798-481: The language with the most native speakers (Javanese) nor the language of the former European colonial power (Dutch) was to be adopted. Instead, a local language with far fewer native speakers than the most widely spoken local language was chosen (nevertheless, Malay was the second most widely spoken language in the colony after Javanese, and had many L2 speakers using it for trade, administration, and education). In 1945, when Indonesia declared its independence, Indonesian
6901-415: The language's wordstock. The Japanese agreed to the establishment of the Komisi Bahasa (Language Commission) in October 1942, formally headed by three Japanese but with a number of prominent Indonesian intellectuals playing the major part in its activities. Soewandi, later to be Minister of Education and Culture, was appointed secretary, Alisjahbana was appointed an 'expert secretary' and other members included
7004-417: The language, with Chinese influencing Indonesian during the 15th and 16th centuries due to the spice trade ; Sanskrit , Tamil , Prakrit and Hindi contributing during the flourishing of Hindu and Buddhist kingdoms from the 2nd to the 14th century; followed by Arabic after the spread of Islam in the archipelago in the 13th century. Loanwords from Portuguese were mainly connected with articles that
7107-560: The languages' words for kinship, health, body parts and common animals. Numbers, especially, show remarkable similarities. There are more than 700 local languages in Indonesian islands, such as Javanese , Sundanese , etc. While Malay as the source of Indonesian is the mother tongue of ethnic Malay who lives along the east coast of Sumatra, in the Riau Archipelago, and on the south and west coast of Kalimantan (Borneo). There are several areas, such as Jakarta, Manado, Lesser Sunda islands, and Mollucas which has Malay-based trade languages. Thus,
7210-410: The less common words such as paddy , sago and kapok , all of which were inherited in Indonesian from Malay but borrowed from Malay in English. The phrase "to run amok" comes from the Malay verb amuk (to run out of control, to rage). Indonesian is neither a pidgin nor a creole since its characteristics do not meet any of the criteria for either. It is believed that the Indonesian language
7313-413: The likelihood of the Malay homeland being in western Borneo stretching to the Bruneian coast. A form known as Proto-Malay language was spoken in Borneo at least by 1000 BCE and was, it has been argued, the ancestral language of all subsequent Malayan languages . Its ancestor, Proto-Malayo-Polynesian , a descendant of the Proto-Austronesian language , began to break up by at least 2000 BCE, possibly as
7416-535: The majority ethnic group, and Dutch as the previous coloniser. Compared to the indigenous dialects of Malay spoken in Sumatra and Malay peninsula or the normative Malaysian standard, the Indonesian language differs profoundly by a large number of Javanese loanwords incorporated into its already-rich vocabulary. As a result, Indonesian has more extensive sources of loanwords , compared to Malaysian Malay. The disparate evolution of Indonesian and Malaysian has led to
7519-465: The majority of the population and that would not divide the nation by favouring one ethnic group, namely the Javanese, over the others. In 1945, Indonesian was already in widespread use; in fact, it had been for roughly a thousand years. Over that long period, Malay, which would later become standardized as Indonesian, was the primary language of commerce and travel . It was also the language used for
7622-458: The mid-front vowel /e/ is sometimes represented with a diacritic as ⟨é⟩ to distinguish it from the mid-central vowel ⟨ê⟩ /ə/. Since 2015, the auxiliary graphemes ⟨é⟩ and ⟨è⟩ are used respectively for phonetic [ e ] and [ ɛ ] in Indonesian, while Standard Malay has rendered both of them as ⟨é⟩. The phonetic realization of the mid vowels / e / and / o / ranges from close-mid ( [e] / [o] ) to open-mid ( [ɛ] / [ɔ] ) allophones . Some analyses set up
7725-414: The more classical School Malay and it was accused of publishing Dutch written with an Indonesian vocabulary. Alisjahbana would no doubt have taken the criticism as a demonstration of his success. To him the language of Pujangga Baru pointed the way to the future, to an elaborated, Westernised language able to express all the concepts of the modern world. As an example, among the many innovations they condemned
7828-430: The national language, with varying degrees of proficiency. In a nation that is home to more than 700 native languages and a vast array of ethnic groups, it plays an important unifying and cross-archipelagic role for the country. Use of the national language is abundant in the media, government bodies, schools , universities , workplaces , among members of the upper-class or nobility and also in formal situations, despite
7931-408: The need to develop Indonesian so that it could take its place as a fully adequate national language, able to replace Dutch as a means of entry into modern international culture. In 1933, he began the magazine Pujangga Baru (New Writer — Poedjangga Baroe in the original spelling) with co-editors Amir Hamzah and Armijn Pane. The language of Pujangga Baru came in for criticism from those associated with
8034-616: The phonetic and grammatical rules of Indonesian, enriching the language and reflecting Indonesia's diverse linguistic heritage. Most Indonesians, aside from speaking the national language, are fluent in at least one of the more than 700 indigenous local languages ; examples include Javanese and Sundanese , which are commonly used at home and within the local community. However, most formal education and nearly all national mass media , governance , administration , and judiciary and other forms of communication are conducted in Indonesian. Under Indonesian rule from 1976 to 1999, Indonesian
8137-488: The plantation were obtained from the Dutch and other Europeans. Stock transactions in securities trading were first recorded in 1892, which was carried out by the Plantation Company in Batavia, namely Cultuur Maatschappij Goalpara , it was written that the company sold 400 shares at a price of 500 guilders per share outstanding. Four years later, Het Centrum also released a prospectus for the sale of shares with
8240-473: The prefix me- is often dropped, although an initial nasal consonant is often retained, as when mengangkat becomes ngangkat (the basic word is angkat ). The suffixes -kan and -i are often replaced by -in . For example, mencarikan becomes nyariin , menuruti becomes nurutin . The latter grammatical aspect is one often closely related to the Indonesian spoken in Jakarta and its surrounding areas. Malay historical linguists agree on
8343-417: The propagation of Islam in the 13th to 17th centuries, as well as the language of instruction used by Portuguese and Dutch missionaries attempting to convert the indigenous people to Christianity . The combination of these factors meant that the language was already known to some degree by most of the population, and it could be more easily adopted as the national language than perhaps any other. Moreover, it
8446-436: The proximity of spoken Indonesian (in terms of grammar and vocabulary) to its normative form is noticeably low. This is mostly due to Indonesians combining aspects of their own local languages (e.g., Javanese , Sundanese , and Balinese ) with Indonesian. This results in various vernacular varieties of Indonesian, the very types that a foreigner is most likely to hear upon arriving in any Indonesian city or town. This phenomenon
8549-552: The same material basis as the Malaysian standard of Malay and is therefore considered to be a variety of the pluricentric Malay language. However, it does differ from Malaysian Malay in several respects, with differences in pronunciation and vocabulary. These differences are due mainly to the Dutch and Javanese influences on Indonesian. Indonesian was also influenced by the Melayu pasar ( lit. ' market Malay ' ), which
8652-820: The six United Nations languages, namely English , French , Arabic , Chinese , Russian , and Spanish , as well as four other languages of UNESCO member countries, namely Hindi , Italian , Portuguese , and Indonesian. As regulated by Indonesian state law UU No 24/2009, other than state official speeches and documents between or issued to Indonesian government, Indonesian language is required by law to be used in: However, other languages may be used in dual-language setting to accompany but not to replace Indonesian language in: agreements, information regarding goods / services, scientific papers, information through mass media, geographical names, public signs, road signs, public facilities, banners, and other information of public services in public area. While there are no sanctions of
8755-430: The status of the Indonesian language. The national language is Indonesian. Indonesian functions as a symbol of national identity and pride, and is a lingua franca among the diverse ethnic groups in Indonesia and the speakers of vernacular Malay dialects and Malay creoles. The Indonesian language serves as the national and official language, the language of education, communication, transaction and trade documentation,
8858-537: The use of Indonesian was allowed since the Volksraad sessions held in July 1938. By the time they tried to counter the spread of Malay by teaching Dutch to the natives, it was too late, and in 1942, the Japanese conquered Indonesia. The Japanese mandated that all official business be conducted in Indonesian and quickly outlawed the use of the Dutch language. Three years later, the Indonesians themselves formally abolished
8961-529: The uses of other languages, in Indonesian court's point of view, any agreements made in Indonesia but not drafted in Indonesian language, is null and void. In any different interpretations in dual-language agreements setting, Indonesian language shall prevail. Indonesian has six vowel phonemes as shown in the table below. In standard Indonesian orthography, the Latin alphabet is used, and five vowels are distinguished: a, i, u, e, o . In materials for learners,
9064-422: The word bahasa only means language. For example, French language is translated as bahasa Prancis , and the same applies to other languages, such as bahasa Inggris (English), bahasa Jepang (Japanese), bahasa Arab (Arabic), bahasa Italia (Italian), and so on. Indonesians generally may not recognize the name Bahasa alone when it refers to their national language. Standard Indonesian
9167-406: Was a nationalization program of Dutch companies from 1956 to 1977. The purpose of this re-opening of the stock exchange was to accommodate government bonds that had been issued in 1956, the previous year. The management of the stock exchange was then handed over to the money and securities trading union consisting of 3 banks and Bank Indonesia as honorary members. The development of this stock exchange
9270-468: Was advanced 30 minutes earlier to accommodate traders from Central and Eastern Indonesia time zones that are one and two hours in advance, respectively, as JATS is based on WIB . The change is also meant to put it in line with other Asian markets, namely Singapore and Hong Kong stock exchanges. Since the COVID-19 pandemic began in 2020, the regular market trading hours in the Indonesian Stock Exchange
9373-493: Was completed. In 2004, the Stock Exchange released S tock Options . On 30 November 2007, the Surabaya Stock Exchange (BES) and the Jakarta Stock Exchange (JSX) were finally merged and changed their names to the Indonesia Stock Exchange (IDX). After the birth of the IDX, a trading suspension was enforced in 2008 and the Indonesian Stock Price Appraiser (PHEI) was formed in 2009. In addition, in 2009,
9476-403: Was designated as the official language of Timor Leste . It has the status of a working language under the country's constitution along with English . In November 2023, the Indonesian language was recognized as one of the official languages of the UNESCO General Conference. The term Indonesian is primarily associated with the national standard dialect ( bahasa baku ). However, in
9579-514: Was established in 2002 to act as a benchmark in measuring market activities based on Sharia (Islamic law). Currently, there are approximately 30 corporate stocks listed on the JII. The FTSE /ASEAN Indices were launched by the five ASEAN exchanges ( Singapore Exchange , Bursa Malaysia , The Stock Exchange of Thailand , Jakarta Stock Exchange, and The Philippine Stock Exchange ) and global index provider FTSE on 21 September 2005. The indices, covering
9682-511: Was established. On 22 May 1995, the Jakarta Stock Exchange launched a trading automated system which was implemented using the JATS ( Jakarta Automated Trading Systems ) computer system. In the same year on 10 November, the Government of Indonesia issued Act Number 8 of 1995 on Capital Markets. This law came into effect in January 1996. The Indonesia Parallel Exchange was then merged with the Surabaya Stock Exchange. Then one year later, on 6 August 1996,
9785-436: Was formally declared the national language, despite being the native language of only about 5% of the population. In contrast, Javanese and Sundanese were the mother tongues of 42–48% and 15% respectively. The combination of nationalistic , political , and practical concerns ultimately led to the successful adoption of Indonesian as a national language. In 1945, Javanese was easily the most prominent language in Indonesia. It
9888-574: Was inaugurated, margin relaxation and inauguration Indonesia Securities Fund . In 2018, the Trading System and New Data Center were updated, launching T+2 Transaction Settlement (T+2 Settlement ) and Adding Special Notation Information Displays on Listed Company codes. The Indonesia Stock Exchange (IDX) actively continues to innovate in the development by providing stock indices that can be used by all participants in Indonesia's capital market. The index book "IDX Stock Index Handbook" contains
9991-605: Was introduced in closed syllables under the influence of Javanese and Jakarta Malay, but Dutch borrowings made it more acceptable. Although Alisjahbana argued against it, insisting on writing ⟨a⟩ instead of an ⟨ê⟩ in final syllables such as koda (vs kodə 'code') and nasionalisma (vs nasionalismə 'nationalism'), he was unsuccessful. This spelling convention was instead survived in Balinese orthography. Indonesian has four diphthong phonemes only in open syllables. They are: Some analyses assume that these diphthongs are actually
10094-456: Was one of the means to achieve independence, but it is opened to receive vocabulary from other foreign languages aside from Malay that it has made contact with since the colonialism era, such as Dutch, English and Arabic among others, as the loan words keep increasing each year. In 2020, Indonesian had 71.9 million native speakers and 176.5 million second-language speakers, who speak it alongside their local mother tongue , giving
10197-400: Was still no notion of Indonesian language. Sutan Takdir Alisjahbana was a great promoter of the use and development of Indonesian and he was greatly exaggerating the decline of Dutch. Higher education was still in Dutch and many educated Indonesians were writing and speaking in Dutch in many situations (and were still doing so well after independence was achieved). He believed passionately in
10300-440: Was the language of the sultanate of Brunei and of future Malaysia , on which some Indonesian nationalists had claims . Over the first 53 years of Indonesian independence , the country's first two presidents, Sukarno and Suharto constantly nurtured the sense of national unity embodied by Indonesian, and the language remains an essential component of Indonesian identity. Through a language planning program that made Indonesian
10403-407: Was the lingua franca of the archipelago in colonial times, and thus indirectly by other spoken languages of the islands. Malaysian Malay claims to be closer to the classical Malay of earlier centuries, even though modern Malaysian has been heavily influenced, in lexicon as well as in syntax, by English. The question of whether High Malay (Court Malay) or Low Malay (Bazaar Malay) was the true parent of
10506-445: Was the native language of nearly half the population, the primary language of politics and economics , and the language of courtly , religious , and literary tradition. What it lacked, however, was the ability to unite the diverse Indonesian population as a whole. With thousands of islands and hundreds of different languages, the newly independent country of Indonesia had to find a national language that could realistically be spoken by
10609-649: Was use of the word bisa instead of dapat for 'can'. In Malay bisa meant only 'poison from an animal's bite' and the increasing use of Javanese bisa in the new meaning they regarded as one of the many threats to the language's purity. Unlike more traditional intellectuals, he did not look to Classical Malay and the past. For him, Indonesian was a new concept; a new beginning was needed and he looked to Western civilisation, with its dynamic society of individuals freed from traditional fetters, as his inspiration. The prohibition on use of Dutch led to an expansion of Indonesian language newspapers and pressure on them to increase
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