Capital market has new chairman<\/p>\n
JAKARTA (JP): Minister of Finance Mar'ie Muhammad replaced the
\nchairman of the Capital Market Supervisory Agency (Bapepam)
\nyesterday, only one day after President Soeharto inaugurated the
\nJakarta Stock Exchange's new automated trading system.<\/p>\n
I Putu Ary Suta, formerly the head of Bapepam's Corporate
\nFinance Bureau, will replace Bacelius Ruru as chairman.<\/p>\n
Ruru, who headed Bapepam for about two and a half years, was
\nappointed as the new director general in charge of state
\ncompanies, replacing Martiono Hadianto.<\/p>\n
Martiono was appointed as an expert assistant to the finance
\nminister for regional economic and financial relations.<\/p>\n
Mar'ie said after the ceremony that many efforts have been
\nmade to further develop the domestic stock market on par with
\nother stock exchanges in the region.<\/p>\n
"These efforts include the enactment on Monday of a new
\ncapital market law and the inauguration on Tuesday of the
\nautomated trading system at the Jakarta stock exchange," Mar'ie
\nsaid.<\/p>\n
And soon, he added, the government will prepare a number of
\nnew stock market regulations to implement the new law.<\/p>\n
The JSX will introduce remote trading next year to allow
\ninvestors in the provinces to make transactions on the exchange,
\nMar'ie said.<\/p>\n
"With all these developments and facilities, we hope our stock
\nmarkets will be on the same level with other exchanges in the
\nregion," he said.<\/p>\n
Currently Indonesia has two stock markets -- the Jakarta Stock
\nExchange (JSX) and the Surabaya Stock Exchange (SSE) in Surabaya,
\nEast Java, both run by private companies.<\/p>\n
On the occasion, Mar'ie also inaugurated several new
\ncommissioners and supervisors of state companies, including
\nDahlan Sutalaksana for PT Asuransi Jiwasraya, Tax Director
\nGeneral Fuad Bawazier for PT Bank Bumi Daya, Marzuki Usman for PT
\nBank Dagang Negara and Soemitro Maskun for PT Taspen, the civil
\nservant pension fund. (31)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/capital-market-has-new-chairman-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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