“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, November 01, 2007

Indonesian bourses to merge, aim to lure new funds

Jakarta (ANTARA News) - Shareholders of Indonesia's Jakarta and Surabaya exchanges have approved a plan to merge the two bourses, a move aimed at revamping the country's capital market.

The merged exchange, the Indonesia Stock Exchange, with around 400 listed companies, is expected to develop a broader range of derivative instruments which will enable investors to hedge and manage risks more effectively.

Currently, both exchanges lack longer-dated instruments, which has prevented some investors from investing in the country as they cannot hedge their positions should there be a downturn in the market.

The new exchange will begin operations on Dec. 1 and is estimated to list companies with a total market capitalisation of around 2,400 trillion rupiah ($263.7 billion).

The president director of the Jakarta Stock Exchange, Erry Firmansyah, said the market capitalisation of the Jakarta bourse is about 1,800 trillion rupiah while Surabaya's market capitalisation is about 550 trillion rupiah.

"We are aiming for 30 new listings and 54 new bonds issues next year," he said late on Tuesday.

While Jakarta's benchmark stock index <.JKSE> has risen to record highs, volumes are still relatively low with daily turnover around $400 million, compared to $1.7 billion in Singapore.

The merger is part of an effort by Indonesian regulators to revamp the country's capital market.

Indonesia's finance ministry is also proposing a tax cut for listed companies with more than 40 percent market float, in order to promote more initial public offerings.

Indonesian companies have raised more than $3 billion so far this year in initial public offerings and follow-on equity sales according to Thomson Financial, marking a record for Jakarta's stock market.

Reuters data showed that initial public offerings alone have totalled $834.4 million so far this year, compared to $331.15 million in all of 2006.

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