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Bogged Down by Business Dues

Tuesday, September 13, 2016

The rupiah's weakening against the dollar raised the Bakrie Group's debt level. Company management ranks low on transparency and accountability.

arsip tempo : 173165949912.

. tempo : 173165949912.

FOR the Bakrie company, monitoring stock prices at the Indonesia Stock Exchange has been like a rollercoaster ride. The stock in Bumi Resources, for instance, once fell to Rp55 per share in 2002. Six years later, the price rocketed to Rp8,550 per share. However, the market on Friday last week was just Rp68 per share.

One reason for this, said Visi Media Asia CEO Anindya Novyan Bakrie, was falling commodity prices. This mainly began after the fi

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