12 listed firms fined for late reports
JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has fined 12 bond and share issuers a total of Rp 150.99 million (US$68,500) for the late submission of their annual financial reports for 1994 operations.
PT Bank Pembangunan Indonesia (Bapindo), a bond issuer, received a fine of Rp 59.99 million for a 292-day delay in filing its annual report, the capital market watchdog announced yesterday.
The fine of the state-owned bank was the largest among those imposed on the 12 publicly-listed companies.
PT Aster Dharma Industri was fined Rp 4 million for a four-day delay, PT Concord Benefit Enterprise Rp 11 million for an 11-day delay, PT Ultrajaya Milk Industri Rp 5 million for a five-day delay.
According to Bapepam's ruling, annual reports of listed companies should be submitted to the capital market watchdog within 120 days of the end of the book year. Failure to submit such reports within the set deadline is subject to a fine of Rp 1 million for each delayed day.
Other penalized companies included PT Sarasa Nugraha (with a fine of Rp 5 million), PT Praxair Indonesia (Rp 8 million), PT Salindo Perdana Finance (Rp 5 million), PT Tiga Raksa Satria (Rp 2 million), PT Hotel Indonesia (Rp 2 million), PT Bank Tabungan Negara (Rp 4 million), PT Bank Papan Sejahtera (Rp 19 million) and PT Intimaraya Gold Industri (Rp 26 million).
Last year, the agency punished 15 bond and share issuers for similar offenses with fines ranging between Rp 1 million and Rp 60 million.
The recent penalties raised the total amount of fines imposed this year by Bapepam thus far to share and bond issuers to Rp 1.24 billion.
Top brokers
In another development, the Jakarta Stock Exchange (JSX) announced yesterday that PT Makindo, which last week carried out transactions of 226.53 million shares worth Rp 662.57 billion, took the first ranking of the exchange's weekly top ten brokerage firms, in terms of trading value, during the week.
Jardine Flemming was in second place, with a total trading volume of 28.26 million shares worth Rp 100.93 billion and HG Asia Indonesia in third place, with a trading volume of 12.12 million shares worth Rp 66.74 billion, while Baring Securities, with a total trading volume of 11.82 million shares worth Rp 60.19 billion and Niaga Securities, with a total trading volume of around 14.36 million shares worth Rp 56.92 billion, were respectively in the fourth and fifth places.
WI Carr Indonesia, Lippo Securities, Credit Lyonnais, Wardley James Capel and Mashill Jaya Securities were respectively in the sixth, seventh, eighth, ninth and tenth places.(hen)