`TVRI' to air information on stock trading soon

`TVRI' to air information on stock trading soon

JAKARTA (JP): The state-run television network TVRI will next
week begin providing information on price quotations and trading
events on the Jakarta Stock Exchange (JSX) through a teletext
service called TVRITEXT under an agreement signed yesterday.

The deal was signed here by JSX president Hasan Zein Machmud
and Eddy Limantoro, the president of PT Pilar Kumalajaya, the
company appointed to operate the service.

Hasan said that the teletext service, which has been tried
since May, will be accessible during the on-air time of the
broadcasting station and will be available throughout Indonesia.

He said that the on-line system will enable viewers to receive
the latest information about transactions on the JSX by pushing a
button on specially-designed television sets.

However, he acknowledged that bringing the most up-to-date
information to the public will remain problematic because all
transactions on the bourse are still conducted manually.

Furthermore, the service still requires transmission time, he
added.

"Hopefully, beginning next year we will provide continuous
supplies of information for the public when the JSX has fully
computerized its trading system," he said.

Hasan said that the deal with Pilar Kumalajaya is a "win-win"
situation and that no payment is involved. But the station will
receive 12.5 percent of the total earnings generated from
advertising.

Eddy Limantoro of Pilar Kumalajaya said that his company has
already invested Rp 4 billion (US$1.8 million) in installing new
equipment for the teletext service.

He said the cooperation will last 15 years.

He also said that TVRITEXT will expand its service to
information on the Surabaya Stock Exchange and the parallel stock
market in Jakarta in the near future. (05)