Prudential eyes Indonesia

Prudential eyes Indonesia

JAKARTA (JP): New York-based securities firm Prudential
Securities is studying the possibility of establishing a joint
venture in Indonesia.

Angela Chen, a senior executive of the company, said the
Bakrie group was a potential partner in the planned joint
venture.

"We are still discussing the possibility," she told The
Jakarta Post. She added that she hoped the joint venture could be
established before the end of this year.

To be able to operate in Indonesia, foreign securities
companies are required to established joint ventures.

She said Prudential Securities operates in Singapore, Hong
Kong and Shanghai in China. (09)