Ooredoo’s Indosat & IDX Invite Youths to Become Capital Market Investors
Collaboration with Indonesia Stock Exchange aims to improve young people’s financial literacy while increasing IDX stock market activity
Doha, Qatar / Jakarta, Indonesia
Member of Ooredoo Group, Indosat, and the Indonesia Stock Exchange (IDX) this week launched the Indosat Stock Trading Contest (“ISTC”) program in Indonesia. The launch event was attended by representatives of Indosat, parent company Ooredoo, the IDX and the Indonesian Financial Services Authority.
ISTC aims to improve the financial literacy of Indonesia’s youth as well as improving their understanding of capital market stock investments. It also offers the opportunity to build transactions experience via a virtual stock game which directly mirrors, in real-time, stock options traded on the Indonesia Stock Exchange.
ISTC was created to support the National Movement for Love of Capital Markets (Gerakan Nasional Cinta Pasar Modal – “GeNTa”) as well as to respond to the nation-wide challenges of low financial literacy and stock market participation. The Program which is offered in collaboration with PT Winratama Perkasa (“WinGamers”), the first virtual on-line trading platform available in Indonesia, will continue to be open for participant registration until 30 September 2015.
“We are passionate about using mobile technology to continuously improve the education opportunities available to Indonesia’s youth. A strategic priority for the government is to educate society about the importance of investing to secure a better future. Young people are at the heart of this and will be the drivers of greater capital markets activity in the years to come. To support this priority while also generating interest and involvement from the nation’s youth, together with the IDX, we initiated the Indosat Stock Trading Contest program,” said the President Director & CEO of Indosat, Alexander Rusli.
Dr Nasser Marafih, Group CEO, Ooredoo added: “Across the Ooredoo footprint we are committed to using ICT to help young people realise their potential. With this innovative program Indosat is once again a pioneer for our Group in this space. ISTC will not only help to improve the financial literacy of Indonesia’s youth, but also help to educate them on how to use technology to invest for a better and brighter future. Through ISTC we are excited to inspire and help shape Indonesia’s next generation of investors and capital markets enthusiasts.”
“The students who will participate in ISTC will have the opportunity to test their knowledge and ability in stock investment. Through this program, we encourage the development of young local investors which in turn will support the advancement of Indonesia’s national economy through capital market trading activity”, said Ito Warsito, President Director of Indonesia Stock Exchange (IDX) .
“WinGamers, as a partner in the ISTC program, is providing a full system of “virtual on-line trading” which is based on real time transaction data from the Indonesia Stock Exchange. WinGamers continues to support a number of capital markets awareness activities since 2013 and is the provider of Indonesia’s first virtual on-line trading services.” said Ivo Rustandi, Director of WinGamers.
Titled “Realize Your Dreams and Become a Young Billionaire”, the contest is aimed primarily at Indonesia’s youth. It offers the opportunity to win up to ten million rupiah (~US$800) in prizes and a top prize of one hundred million rupiah (~US$8,000). In addition to this throughout the competition there are gadgets to be won along with the opportunity to meet analysts and prominent Capital Markets experts. These Indonesian experts will share capital market trading knowledge and expertise during roadshows scheduled to take place on various University campuses across Indonesia. The roadshows will be integrated with the Investments Galleries the IDX hosts on 122 campuses nation-wide.
The benefits of participation extend beyond the program itself as participants will also be eligible to apply for internships at Indosat as well as apply for scholarships for the nation’s Capital Market School, to learn how to make investments/ stock transactions and virtually sharpen their ability to become the investors of tomorrow.
“We are excited for the potential this program has to educate young investors, and in turn support the advancement of the national economy through increased trade in Indonesia’s capital markets,” concluded Indosat’s Alexander Rusli.
Further information about this program can be found at: Website: www.indosat.com/istc, twitter: @indosatistc, facebook: Indosat ISTC, instagram: indosatistc.
About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named “Best Mobile Operator of the Year” at the World Communication Awards 2013.
The company reported revenues of US$9.1 billion in 2014 and had a consolidated global customer base of more than 107 million people as of 31 December 2014. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
Twitter: @Ooredoo
Facebook: facebook.com/ooredoogroup
LinkedIn: http://www.linkedin.com/company/ooredoo
YouTube: www.youtube.com/ooredoogroup
About Indosat
Indosat is the leading telecommunication and information operator in Indonesia that provides cellular services, fixed line, data communications and internet (MIDI). As per end of 2014, the company has 63.2 million mobile subscribers through a variety of brands, among others; IM3, Mentari and Matrix. Indosat operates international direct dialing (IDD) through the access codes 001, 008 and Flatcall 01016. The company also offers corporate and SME solutions namely Indosat Business that supported by integrated telecommunications network throughout Indonesia as well as satellite services via satellite Palapa-D. Indosat also has a very broad digital services program including a dedicated digital services unit (www.indosat.com/digital), Indonesia’s first innovation competition IWIC (Indosat Wireless Innovation Contest) and Indonesia’s leading startup incubator Ideabox (www.ideabox.co.id). Indosat is a subsidiary of the Ooredoo Group. Indosat’s shares are listed on the Indonesia Stock Exchange (IDX: ISAT).
