CORPORATE
No Free Lunch

China Investment Corporation loaned Rp18 trillion to Bumi Resources. The Chinese company might secure an allocation of 20 million tons of coal per year.

October 13, 2009

THE meeting room on the seventh floor of Wisma Bakrie II, Jalan H.R. Rasuna Said, Kuningan, South Jakarta, Tuesday afternoon of last week. Around 30 analysts crowded the room to listen to an explanation by PT Bumi Resources Tbk management on its performance. The chairs weren’t enough to accommodate everyone. Several analysts had no choice but to stand until staff added more chairs.

The high enthusiasm among capital market observers was trigger

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