Change font size:   

 
Euromoney Awards for Excellence 2009
Country risk 2010:

Country risk 2010:

Bi-annual Country risk survey monitoring political and economic stability of 186 countries

Monday, November 17, 2008

Mulyani on rumours of her resignation and the implications of Bakrie saga


“This is an interesting case of testing the principle of a conflict of interest”




As well as Indonesia’s economic woes, Mulyani has had to contend with a developing saga that has threatened her government's credibility, the national economy and indeed her own career. Bakrie and Brothers is the holding company for a group that contains some of the country’s most prominent businesses, mainly in the energy, property and telecoms sectors, and it is in trouble. The firm was looking to raise around $1 billion to repay maturing debts and hit upon the solution of selling its stake in Bumi Resources, a coal-exporting firm, for $1.3 billion to a consortium headed by investment group Northstar. The collapse of the Bakrie group on failure to repay these debts would have exacerbated the effects of the financial crisis on Indonesia, so news of the sale came as relief to the administration as well as to the beleaguered company.

But there is a...


Please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.

If you do not currently have access to this content, visit the subscription page or call our hotline on +44 (0)207 779 8999.

Subscribe online now and save up to 30%


Subscribe

Subscribers to Euromoney benefit from:

  • 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996 
  • More than 30 specialist research guides free
  • The results of Euromoney’s polls and surveys
  • Tailored RSS news feeds direct to your desktop
  • News delivered directly to your mobile device or PC
  • Personalised email newsfeed of 'Top stories' and 'Breaking news'

Click here to subscribe




Ruromoney Jobs Post a job