Indonesia will hold forex club forum<\/p>\n
JAKARTA (JP): Indonesia will host a congress of the South East
\nAsia Forum of foreign exchange clubs from Sept. 5 to Sept. 7 in
\nDenpasar, Bali.<\/p>\n
Chairwoman of the organizing committee, Chatarina Widjaja, who
\nis also a Bank Dagang Nasional Indonesia (BDNI) director said
\nyesterday that about 150 participants were expected to take part
\nin the upcoming congress.<\/p>\n
South East Asia Forum covers foreign exchange clubs from
\nIndonesia, Singapore, Malaysia, Thailand and the Philippines.<\/p>\n
She said foreign exchange clubs from Myanmar, Vietnam and
\nIndia would be invited to join the congress as observers.<\/p>\n
She said the congress, called 'South East Asia towards the
\nyear 2000', would feature expert speakers, including Andrew
\nFerris, Chief Economist of Bank of America (BOA), Stuart Gulliver
\nof HSBC Markets in Hongkong and Mark Mobious, fund manager of
\nTempletion International.<\/p>\n
Chatarina said Ferris would talk about the impact of the macro
\neconomic condition in Southeast Asian countries, Gulliver would
\ndiscuss Hongkong as a financial center after the year 1997 and
\nMobious would share his investment experience in Southeast Asian
\ncountries.<\/p>\n
Indonesia will also host the 41st World Congress of foreign
\nexchange clubs in Jakarta in 1999.<\/p>\n
World Congress chairman, Loeki S Putra said that about 1,600
\nparticipants from 62 countries were expected to join the
\ncongress.<\/p>\n
Loeki, who is also a director of Bank Tiara Indonesia, said
\nthe coming conference was expected to make Jakarta recognized as
\none of the global financial centers.<\/p>\n
Chairman of the Indonesian Foreign Exchange Club (Forexindo),
\nJeffrey Turangan, said foreign exchange transactions in Jakarta
\nhad increased steadily since 1990.<\/p>\n
He said the total daily transaction value of foreign exchange,
\nwhich was about US$1 billion in early 1990, was now an average
\n$15 billion.<\/p>\n
"That shows how strong the country is," he said.<\/p>\n
He said that although the value was still lower than
\nSingapore's daily average of $100 billion, foreign investors had
\nrecognized Indonesia, and Malaysia and the Philippines as
\nattractive investment places.<\/p>\n
He said Indonesia had maintained a sound macro economic
\ncondition with its lower inflation rate. In fiscal 1996\/1997
\n(ended in March), Indonesia's inflation rate was 5.17 percent.
\n(09)<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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