Surabaya Stock Exchange

Surabaya Stock Exchange (SSX) (Bursa Efek Surabaya (BES) in Indonesian) was a stock exchange that officially opened on June 16, 1989, based on the Minister of Finance Decree of Indonesia No. 654/KMK.010/1989 with only thirty-six shareholders. It was established in order to support the Indonesian government in capital markets and economic development in the East Region of Indonesia.

History

On June 16, 1989, SSX started the operation.

On July 22, 1995, the SSX merged with the Indonesian Parallel Stock Exchange (IPSX), leaving only two primary exchanges operating in Indonesia.

On October 30, 2007, SSX was officially merged to Jakarta Stock Exchange (JSX) and becoming Indonesia Stock Exchange (IDX) as a single exchange operating in Indonesia, besides Jakarta Futures Exchange.

Products

SSX trades various products, including:

See also

Juanda International Airport

Juanda International Airport (JIA) (Indonesian: Bandar Udara Internasional Juanda) (IATA: SUB, ICAO: WARR), is an international airport located in Sedati, Sidoarjo and one of the major airports of Indonesia. This airport is located approximately 12 kilometer (8 mile) from Surabaya and serves the Gerbangkertosusila, greater metropolitan area of Surabaya. Juanda International Airport is operated by PT Angkasa Pura I. The airport takes its name after Djuanda Kartawidjaja, the last Prime Minister of Indonesia who had suggested development of this airport. Juanda International Airport is one of the busiest airport in Indonesia based on the aircraft movements and passenger movements. In 2010, the airport handled 11 million passengers, although the capacity was 6 million passengers and the Air Traffic Controller radar system is only able to track 21 aircraft per hour, but at peak hour should handled 40 to 45 aircraft landing and taking off. In 2013, the airport serves about 400 aircraft per day.

Surabaya

Surabaya (Indonesian pronunciation: [surəˈbaja]) (formerly Dutch: Soerabaja/Soerabaia Javanese: Suroboyo) is the capital of Jawa Timur (East Java), located on northeastern Java island and along the edge of the Madura Strait and the second-largest-city in Indonesia. At the 2010 census, the city had a population over 2.8 million and its built-up (or metro) area, 7,302,283 inhabitants made of 2 cities and 50 districts spreads on Gresik, Sidoarjo, Mojokerto and Pasuruan regencies.

The city is known as Kota Pahlawan "city of heroes" due to the importance of the Battle of Surabaya in galvanizing Indonesian and international support for Indonesian independence during the Indonesian National Revolution. Surabaya was once the largest city in Dutch East Indies and virtually the center of trading in the nation, exceeding those of Batavia, competing with the likes of Singapore and Hong Kong.

Etymology

Surabaya (Suroboyo) is locally believed to derive its name from the words "suro" (shark) and "boyo" (crocodile), two creatures which, in a local myth, fought each other in order to gain the title of "the strongest and most powerful animal" in the area. It was said that the two powerful animals agreed for a truce and set boundaries; that the shark's domain would be in the sea while the crocodile's domain would be on the land. However one day the shark swam into the river estuary to hunt, this angered the crocodile that went territorial.The Shark argued that the river was a water-realm which means it was shark territory, while the crocodile argued that the river flowed deep inland, so it was crocodile territory. The fight resumed ferociously as the two animals bit each other. Finally the shark was badly bitten and fled to the open sea, so the crocodile finally ruled the estuarine area that today is the city.