Bumi on the Downturn

CONTROVERSY is never far from PT Bumi Resources. Ever since it was acquired by PT Bakrie Capital Indonesia 11 years ago, this company has often been the focus of vicious gossip for many people. This time around, the stretched-out uproar of market players over these “shares involving a million people” pushed Finance Minister Sri Mulyani Indrawati into wanting to resign, on Wednesday two weeks ago.

This was despite the fact that long before be

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