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1999 Annual Report : International
Relationship Bapepam continued in its effort to develop cooperation with other securities regulators and international institutions during 1999. The year was marked by visits delegations from Japan, including visit in February 1999 the Director for International by Affairs, Financial System Planning Bureau, Ministry of Finance, Japan. Bapepam also received delegates Japanese capital market institutions as well as the financial attaché of the Japanese Embassy, concerning possible technical assistance in developing the Indonesian capital market. Bapepam also held meetings with a technical team from the Japanese government regarding an assistance program in the field of fiscal and monetary. Tokyo Stock Exchange and Nomura Research Institute delegates visited Bapepam to discuss current developments in the Indonesian and Japanese economies. Japan Overseas Development Corporation (JODC) also sent two senior advisors to asist Indonesian capital market institutions anticipate Y2K problems. In November 1999, Bapepam received the Technical Management Facility (TAMF), Japan, with regard to technical assistance in developing the capital market. There was also a meeting with the Benchmark International Group PTY, LTD, Japan, regarding Indonesian bond market development. Bapepam, also received the deputy director of the Asia Currency Divison, International Bureau, Ministry of Finance, Japan, to discuss government bonds offerings with respect to the bank recapitalization program and bond market development. On the occasion of the 1999 capital market anniversary, Bapepam invited the Chairman of the Australian Securities and Investment Commission, Alan Cameron, and the Chairman of the Malaysian Securities and Exchange Commission, Ali Abdul Kadir, to speak at the Indonesian capital market seminar on August 24, 1999. Bapepam also made an agreement with the Hong Kong Securities and Future Commission regarding reciprocal reporting of rule violations.
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