Nikko, BII sign agreement

Nikko, BII sign agreement

JAKARTA (JP): PT Nikko Securities Indonesia signed an
agreement on Tuesday with publicly listed Bank Internasional
Indonesia (BII) to allow its retail clients to purchase equity
stocks using the bank's debit cards.

"Clients of Nikko Securities will have their equity stocks
account at BII," said Adler Manurung, director of Nikko
Securities.

Besides giving services of stock brokering, Nikko Securities
also manages mutual funds that are worth Rp 570 billion in total.

It also plans to invest up to Rp 50 billion from the mutual
funds into viable information technology and Internet-based
companies.

"We are searching for Internet companies that have income
streams, not only those who boast about their having high
frequency of visitor hits," said Nikko Securities president
Harianto Solichin.(udi)