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