Saturday, October 11, 2008

Mega-rich Bakrie burned as liquidity crisis ripples into Indonesia

Jakarta (ANTARA News) - Share trading in six companies owned by Indonesia's richest man was suspended Tuesday as the effects of the global liquidity crisis rolled into Southeast Asia's biggest economy, dealers said.

The six Bakrie Group-owned companies had dropped by between a quarter and more than 40 percent as the Indonesian market took a 10 percent dive Monday after a week-long holiday at the end of the Muslim holy month. [more, antaranews]

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