RI to host international conference on stock market
JAKARTA (JP): Nearly 650 financial executives and experts from various countries will participate in an international conference on capital markets at the Jakarta Hilton Convention Center from July 6 to July 8.
The president of the Jakarta Stock Exchange (JSX), Hasan Zein Mahmud, told reporters here yesterday that the forum will feature key addresses by the Minister of Finance Mar'ie Muhammad, Governor of Bank Indonesia Soedradjad Djiwandono, Chairman of the Capital Market Supervisory Agency (Bapepam), Bacelius Ruru, President of the Asian Development Bank (ADB), Mitsuo Sato, the winner of the 1990 Nobel Prize for economics from the University of Chicago, Merton H. Miller, and a professor of insurance and finance of the University of California - Los Angeles, Richard W. Roll.
The conference, the first of its kind to be held in Indonesia, is organized by JSX in cooperation with the Pacific-Basin Capital Markets (Pacap) Research Center of the United States' University of Rhode Island.
"Vice President Try Sutrisno is expected to open the forum, which will coincide with the sixth annual finance conference of the Pacap center," he said.
"The forum will give us momentum to introduce our market and expedite our integration onto the other world markets," Hasan said.
For that purpose, the forum will present papers from various financial institutions, including securities companies, brokers, universities, listed corporations as well as prominent individuals dealing with the stock market, he said.
Studies
Hasan said the forum will also carry latest finance studies of the Chicago Mercantile Exchange, Sydney Futures Exchange, Daiwa Institute of Research, Japan's Organization for Economic Cooperation and Development, Chicago Board Options Exchange and International Monetary Fund (IMF) among others.
Under a theme of "Strengthening infrastructures of the Indonesian stock and capital markets," the forum will also explore opportunities to establish greater cooperation among stock investors in the regions, he said.
Pacap has now 11 members in the Asia-Pacific region, including Hong Kong, Japan, South Korea, Malaysia, Taiwan, Thailand, the Philippines, Indonesia, Singapore, Australia and New Zealand.
Because of Pacap's initiatives, the region is now able to exchange information on the stock and capital markets under the database on-line system, Hasan pointed out.
"On April last year, JSX signed an agreement with Pacap on a plan to set up a database center here to make regular reports on Indonesian stock activities for dissemination throughout the regions," he said.
Hasan said that, during the conference, JSX will also present an exhibition on the Indonesian stock markets which will be participated in by listed firms, brokerage companies and securities firms.(fhp)