Jakarta hosted the Global Conference on Beneficial Ownership Transparency at the Fairmont Hotel on Oct. 3-4. (Antara Photo/Mohammad Ayudha)

Jakarta Hosts Global Conference on Beneficial Ownership Transparency

BY :JAKARTA GLOBE

NOVEMBER 27, 2017

Jakarta. Jakarta hosted the Global Conference on Beneficial Ownership Transparency at the Fairmont Hotel on Oct. 3-4.

The meeting was participated by 250 delegates from 52 countries.

According to Esthy Reko Astuti, tourism development deputy at the Ministry of Tourism, Indonesia was chosen to be the host, as the government has made improvements in the beneficial ownership transparency.

"The event is like a pre-event to the upcoming IMF and World Bank Annual Meetings 2018 [in Bali]," Esthy said in a statement on Thursday (26/10).

The conference touched on the approach to disclose profitable ownership in different national contexts, how to improve the investment climate with ownership transparency and public participation.

National Development Planning Agency (Bappenas) head Bambang Brodjonegoro said ownership transparency will increase investors trust in the country.

"If someone invests mining, it must be clear who the owner is and what the company owns," Bambang said. Bambang said the government will continue to increase public awareness through information technology platforms in a bid to link policy-making to public demand.

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