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Presentation of. Investment Opportunities in Indonesia. 1 st Phenomenon. For the last 3 years (2000 – 2002), Global Market Cap were down 13%, 19%, and 17,9%. 2 nd Phenomenon. Most developed market are at “The Ten Last Performers” in term of general index performances. 3 rd Phenomenon.
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Presentation of Investment Opportunities in Indonesia
1st Phenomenon • For the last 3 years (2000 – 2002), Global Market Cap were down 13%, 19%, and 17,9%
2nd Phenomenon • Most developed market are at “The Ten Last Performers” in term of general index performances
3rd Phenomenon • Most emerging markets are at “The Ten Best Performers” in term of general index performances
4th Phenomenon • Most emerging markets were at “The Ten Strongest Market Cap Percentage Growth”
Infrastructure Development • Fully implementation of scripless trading & book entry settlement system T+3 settlement cycle • Operation of a new Jakarta Automated Trading System for Remote Trading (JATS-RT) • Implementation of Auto Rejection System to enhance JSX monitoring capacities • Building an electronic linkage with BAPEPAM to improve efficiency in reporting system • Establishment of a Network Command Center as a center for services, monitoring, and operations of remote trading • Developing Executive Alert System for Security Market Automated Research Training and Surveillance (SMARTS)
Preserving Market Integrity • More stringent listing criteria • Promote the implementation of GCG Principles to all listed companies: • 98% has had Independent Commissioners • 80% has established audit committee • Enhancing surveillance activities • Make more constructive works and cordination with constituents • Investor education
The JSX Transaction-related Incomes The JSX Daily Trading Vol & Value, Composite Price Index 22.79% • Daily average trading volume increased 16% • Daily average trading value increased 24% • The JSX Composite Price Index closed higher by 8% • So did the transaction-related incomes
The JSX Mission • Moving towards a demutualized exchange • Establishing JSX as a Center of Excellence and Competence Institution • Delivering good quality products and services • Building JSX as a more active and responsive institution that is able to cope with global challenges through its market reorientation
Market Aktualita • Hingga Juni 2003, kinerja pasar ekuitas global bergerak ke arah yg cukup positif • Bursa di kawasan Asia Pasifik menjadi “The Best Performer in June” Time Zone Average Performance North America 1.4% South America -0.1% Europe 2.6% Asia - Pacific 6.0% AVERAGE 2.5%
AGENDA • Do we need a reform …? • Fundamental problems encountered … • How to deal with … • The new regulatory regime in the Indonesian financial services industry …
Fenomena Global (6) • Bursa-bursa negara maju tetap mendominasi prosentase global market cap
The Objectives • To be well financed to compete globally and invest in both technology and human capital • Product development and institutional building • To enable SX management to take actions that are in the best interest of its organization and its constituents • to adapt and respond quickly to market forces