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Jakarta hosts Global Conference on Beneficial Ownership Transparency

 

Pesona Indonesia

Jakarta  /  Thu, October 26, 2017  /  04:03 pm
Jakarta hosts Global Conference on Beneficial Ownership Transparency

Indonesia was chosen as the host of this event due to the improvement that this country has made in terms of beneficial ownership transparency. (Shutterstock/File)

Jakarta recently hosted an international meeting named Global Conference on Beneficial Ownership Transparency at Fairmont Hotel on Oct. 3-24.

Supported by the Tourism Ministry, the event was attended by 250 delegates from 52 countries.

The ministry's archipelago tourism marketing development deputy Esthy Reko Astuti said Indonesia was chosen as the host of this event due to the improvement that this country has made in terms of beneficial ownership transparency.

“This is like a pre-event for the upcoming IMF – World Bank Annual Meetings 2018,” Esthy added.

Read also: Government to reduce people’s dependency on rice

According to the ministry's head for convention and meetings promotions and overseas marketing deputy Eddy Susilo, the conference discussed the approach to release a profitable ownership in different national contexts, how to fix the investment climate with ownership transparency and the public’s participation for the beneficial ownership transparency, especially concerning how the government and CSO can work together to improve the release of beneficial ownership.

The fifty-two country delegates who are members of Extractive Industries Transparency Initiative (EITI) also discussed about Beneficial Ownership (BO) transparency from economy activity at this event.

Moreover, National Development Planning Agency (Bappenas) head Bambang S. Brodjonegoro said that ownership transparency would help boost investors’ trust.

“If there is someone who makes an investment in mining, the ownership should be clear, which company owns what and who are the owners,” told Bambang. (kes)

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