Yogyakarta launches stock gallery
Yogyakarta launches stock gallery
YOGYAKARTA (JP): PT Finan Corpindo Nusa, in cooperation with
the Academy of Corporate Management, launched Yogyakarta's first
stock gallery here yesterday.
The gallery, located on the academy's campus, was officially
opened by the Sultan of Yogyakarta Sri Sultan Hamengkubuwono X
who is also chairman of Yogyakarta's Chamber of Commerce and
Industry.
"The founding of the gallery will save local investors money
and time in doing business. They don't have to go to Surabaya or
Jakarta to do that," said PT Finan Corpindo director Haryadi.
The gallery, said Haryadi, was also equipped with a
sophisticated Surabaya Market Automated Remote Trading system (S-
MART) which enables local investors to access the Surabaya Stock
Exchange and make direct transactions.
The academy's director, Bambang Susilo P., said cooperation
between his academy and Finan Corpindo had three main missions:
information, education and trading.
"That means the academy and Finan Corpindo has to participate
together to provide the community with information about the
stock market," he said.
He added that Yogyakarta's potential had not yet been tapped
because local investors had to go to Surabaya, Semarang or
Jakarta to trade on the stock exchange.
The gallery will also be used as a training center in stock
trading and investment.
"We will use it to produce ready-to-work alumni, especially in
the stock market," Bambang Susilo said.
Finan Corpindo, which is a member of the Jakarta and Surabaya
Stock Exchanges, also owns a gallery in Surabaya. The Academy of
Corporate Management belongs to the Foundation of the State
Hero's Family of Yogyakarta.
Haryadi said Yogyakarta was chosen for three main reasons.
"First, it's a students' city. Second, it has strong potential
for development. Third, it's strategically located between
Surakarta and Semarang," he said.
Founded in the late 1980s, Finan Corpindo last year booked Rp
1.8 trillion in transactions. Its transaction value was Rp 2.08
trillion in the first eight months of this year.
The gallery hopes to provide the local community with
information, analyses and services on the stock exchange and
increase the number of domestic investors.
"I am confident we can increase the number of domestic
investors in our stock exchanges where trading is still dominated
by foreign investors," said Felia Salim, director of the Jakarta
Stock Exchange. (swa)