Thu, 04 Dec 2003

International investors conference held in Bali

President Megawati Soekarnoputri will address an international three-day conference starting Thursday in Nusa Dua, Bali aimed to attract investors into the country.

The conference titled Accessing New Opportunities is scheduled to be attended by over 300 high-level local and international investors, Indonesia's regulators and CEOs of Indonesia's leading corporations, the organizer Euromoney Conference said in a statement.

"The conference will be the first major post-Asian crisis event that will highlight Indonesia's tremendous gains in the last two years," the statement quoted Coordinating Minister of Economy Affairs Dorodjatun Kuntjoro-Jakti as saying.

Designed as in-country financial roadshow, the event provides one-on-one dialog between investors and Indonesia 's governmental officials, regulators and top CEOs.

It said the conference was timely due to several reasons, including the impending completion of the IMF program in Indonesia; IBRA's almost-completed restructuring and recapitalization of the banking and financial sector; and solid and steady growth of the economy for the past two years.

The conference will also look into the government's response to terrorism and security issues, and the continuing process of the democratic and legal reforms

Aside from Megawati and Dorodjatun, the conference will feature other speakers such as Coordinating Minister of Political and Security Affairs Susilo Bambang Yudhoyono, Minister of Finance Boediono, senior advisor to Deutsche Bank Hubert Neiss, vice chairman of Barclays Capital Sir David Wright, the World Bank's vice president for East Asia and Pacific region Jemal-ud- din Kassum. -- JP