Bookkeepers struggle under burgeoning paper weight; as Indonesian trading volume surges, stock certificates overwhelm antiquated system

Article Abstract:

The upturn in Indonesian trading volume is overwhelming clearinghouse staff as they struggle with the burden of an antiquated bookkeeping system that involves a paper chase. Unlike other major markets such as Kuala Lumpur, Singapore and Hong Kong, Indonesia is still dealing with bundles of share certificates that travel from the custodian bank to the seller's broker, to the clearinghouse, to the buyer's broker and, finally, to the custodian bank of the buyer. The setup, therefore, calls for clearinghouse clerks to stay up all night to process the flow of stock.

Financial Transactions Processing, Reserve, and Clearinghouse Activities, Market information - general, Securities Brokerage, Stock Brokerage, Clearing Organizations, Stockbrokers, Securities industry, Securities clearinghouses, Clearing of securities, Bookkeeping

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Lippo perceives a market for mutual-fund business

Article Abstract:

Lippo Investment Management has begun to actively court retail investors in Indonesia. According to its president, Roland Haas, a market for mutual funds definitely exists in the country despite the turmoil that Indonesia's financial markets have experienced in recent years. Still, Haas acknowledges that finding investors may be difficult considering that the number of individual and institutional investors in Indonesian funds has fallen from 20,000 in 1997 to around 12,000 in mid-1999.

Marketing procedures, Indonesia, Geographic, Mutual Fund Mgmt Companies, Portfolio Management, Marketing, Mutual funds, Mutual fund industry, Haas, Roland

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Media stock shows promise: restructuring may lift Zee Telefilms shares

Article Abstract:

Financial analysts expect the robust performance of Indian media company Zee Telefilms' stock to continue. The potential of Zee Telefilms' stock will depend on how investors react to the restructuring plan of company owner, Subhash Chandra. Due to the government ban on direct satellite hookups by domestic companies, Chandra plans to merge his international and regional television broadcasting business into Zee Telefilms.

Television Broadcasting, Financial management, Finance, Television broadcasting industry, Zee Telefilms

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