Making a new start
Article Abstract:
The privatization of the Jakarta Stock Exchange (JSE) has brought renewed hope to its investors. The bourse, which was established in 1970, experienced growth from 1988 to 1990 due to the government's deregulation of the financial services industry. However, the stockmarket declined in 1991 due to high interest rates and Bapepam's ineffective regulations. In 1991, the Ministry of Finance (MOF) privatized the exchange under the ownership of stockbrokers required to adhere to capitalization standards. The revival of JSE, however, remains questionable due to high interest rates.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Bold as brass
Article Abstract:
South Korea's stock markets reacted sharply to the real estate scandal involving the government-controlled Citizen National Bank and First Life Insurance Co. The latter was swindled of $61 million by an employee of the latter in connivance with another employee of the military establishment in a bid to buy a good piece of property in Seoul. In another development, stockbrokers and investors are suspicious of the recent wave of acquisitions and corporate reorganizations hitting Indonesian companies listed on the Jakarta Stock Exchange.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Growing pains
Article Abstract:
The Jakarta Stock Exchange in Jakarta, Indonesia depends largely on foreign buyers who conduct 70% of all trades. By comparison, foreigners account for between 20% and 30% of all trades on Thailand's stock market. Government officials hope that Indonesians will take a more active role in the exchange which lacks significant domestic demand. Industry analysts maintain that the government needs to implement more structural changes to encourage investment in mutual funds and pension funds.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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