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Jakarta Post

Bapepam says 49 brokers do not have financial problems

  • Ika Krismantari

    THE JAKARTA POST

JAKARTA   /   Mon, February 9 2009   /  10:21 am

The stock market regulator has declared that 49 brokers under scrutiny do not have financial problems, an official says. Nurhaida, divisional head for securities transactions at the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK), said recently the investigations into the 49 securities companies had drawn to a close, with the result being that none of the companies had “significant problems” in relation to their financial performance. “Their net adjusted working capitals are all still more than Rp 25 billion [US$2.27 million],” she said. The investigation was launched last December by Bapepam to monitor the performance of the companies, which were severely affected by the market turbulence in October, when the main index took a nosedive. At present, there are 121 brokerage companies registered with the Indonesia Stock Exchange (IDX)....