Between Downsizing Operations and Closing
The drop in trading on Indonesia's stock exchanges has forced foreign securities houses to close their offices or at least reduce their staff in Indonesia. Unless the government mends its economic policies, foreign securities houses will not return and local ones will fall by the wayside, one by one.
January 1, 2002
DESPITE THE YEAR NOT being over, there was a really merry, end-of-year atmosphere at the Jakarta Stock Exchange (JSE) on Friday last week when trading stopped for the year of 2001. At exactly 4pm, trumpets began to be sounded and confetti was thrown around as Herwidiyatmo, the Chairman of the Capital Market Supervisory Board (Bapepam), opened the celebrations by releasing hundreds of blue and white balloons that had been held in a large net
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