President to open conference on capital market activities<\/p>\n
JAKARTA (JP): President Soeharto is scheduled to officially
\nopen an international conference on capital market activities at
\nthe Jakarta Hilton Convention Center here next week.<\/p>\n
Speakers will include Minister of Finance Mar'ie Muhammad,
\nBank Indonesia (central bank) Governor Soedradjad Djiwandono,
\nMerton H. Miller, the 1990 Nobel Laureate, and Mitsuo Sato, the
\npresident of the Manila-based Asian Development Bank (ADB).<\/p>\n
Hasan Zein Mahmud, president of the Jakarta Stock Exchange
\n(JSX), said here yesterday that around 2,000 foreign and local
\nbusinessmen are expected to attend the conference to be held on
\nJuly 6-8.<\/p>\n
Participants will include chief executives of major Asian
\nstock exchanges and representatives of the world's major
\nsecurities and investment fund companies.<\/p>\n
\"The opening ceremony will be held on Thursday on the second
\nday of the conference,\" he said.<\/p>\n
An exhibition and a number of other capital-market related
\nactivities also will be held during the three-day conference,
\nwhich is sponsored by the Capital Market Supervisory Agency
\n(Bapepam), the JSX, the Jakarta office of the U.S. Agency for
\nInternational Development (USAID) and PACAP Research Center at
\nthe University of Rhode Island.<\/p>\n
Promotion<\/p>\n
Hasan said the conference, the largest capital market
\ngathering ever held in the country, will provide additional
\nmomentum for promoting the country's capital market to the world.<\/p>\n
The conference, which has the development of Indonesia's
\nsecurities industry infrastructure as its theme, will discuss
\nautomation of securities trading, rating agencies, the
\ndevelopment of Asian stock exchanges, the over-the-counter
\nmarket, internationalization and market integration in Asian
\nequity markets.<\/p>\n
Other speakers will include Bapepam Chairman Bacelius Ruru and
\nRichard W. Roll, a professor of insurance and finance at the
\nUniversity of California.<\/p>\n
Hasan said the conference provides an integrated forum for
\nacademics and the securities industry.<\/p>\n
\"A balanced mix of academic and practitioner sessions will
\nprovide a stimulating forum for all participants,\" he said.<\/p>\n
The exhibition, which will be held in tandem with the
\nconference, will be open to the public, he said, adding that
\nvisitors can get important information about the stock trading
\nactivities from the stock exchange \"clinic.\" (hen)<\/p>",
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"sponsor": "Okusi Associates",
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