JSX must boost capital mart promotion<\/p>\n
JAKARTA (JP): Jakarta Stock Exchange (JSX) management should
\nbe more aggressive in its promotion of the capital market to the
\npublic, a senior analyst said yesterday.<\/p>\n
A capital market analyst, E.A. Koetin, said that there should
\nbe more cooperation with universities, for example, to educate
\npeople about the important role the capital market plays in the
\neconomy.<\/p>\n
\"Such an approach is much more effective in publicizing the
\ncapital market,\" he said following the launching of his latest
\nbook on capital market activities.<\/p>\n
Quoting foreign research from the 1970's on stock and bond
\nissuance in emerging markets, Koetin said that most capital
\nmarkets in emerging countries, including Indonesia, had not yet
\ninvolved universities in the development of their stock markets.<\/p>\n
\"Developing capital markets in emerging markets only involved
\nthe central banks and the ministries of finance,\" he said.<\/p>\n
JSX director Felia Salim said that JSX had established a
\ncooperation with several Indonesian universities to try to
\nincrease public knowledge of the capital market.<\/p>\n
\"Such efforts are still in the preliminary stages and are
\nexpected to increase in the coming years,\" she said.<\/p>\n
Sigma Research Institute's executive director, Jasso Winarto,
\nsaid the main obstacle to developing the capital market here was
\na lack of suitable human resources.<\/p>\n
This could stop Indonesia from catching up with the rapid
\ngrowth happening in other emerging stock markets such as
\nSingapore and Malaysia, he said.<\/p>\n
\"Lack of skill and knowledge about the capital market in JSX
\nmanagement could handicap JSX growth,\" said Jasso, who edited the
\nbook.<\/p>\n
Pustaka Sinar Harapan published the book which is called Pasar
\nModal Indonesia. It was launched to commemorate the fifth
\nanniversary of the privatization of JSX.<\/p>\n
The book is targeted at university students and the general
\npublic and costs Rp 60,000 (US$25) in hard cover and Rp 40,000 in
\nsoft cover.<\/p>\n
\"The book is expected to become the capital market reference
\nin Indonesia,\" Aristides Katoppo of Pustaka Sinar Harapan said.
\n(aly)<\/p>",
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