Cement Industry
Investor Confidence Crumbling

A SURPRISING piece of news came from the floor of the Indonesia Stock Exchange. On Wednesday two weeks ago, Blue Valley announced that it had already sold shares in PT Semen Gresik Tbk. This business unit of the Rajawali Corporation released 22.8 percent of shares worth Rp9.48 trillion to several large investors through the negotiation market.

This information made public investors anxious. The largest cement company in Indonesia has been floode

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