Riders On The Storm
Entangled in debts, the Bakrie Group is sounding out several different types of lobbies—from selling off shares to looking for loans—so that its ship does not end up sinking. Finance Minister Sri Mulyani has said that these are the risks of doing business.
October 28, 2008
BROKERS at the stock exchange have not been dallying during the last few weeks. For three weeks now, they have been haunted by feelings of concern because the value of shares pledged by PT Bakrie & Brothers Tbk in order to obtain loans has plummeted on the capital market. In addition there are still doubts about Bakrie’s desire to sell off its shares in PT Bumi Resources in order to cover its debts.
It was because of this situation that on Su
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