08.53
Bakrie Group Share Price Decline sharp
Muhammad Rozif Abdulloh
JAKARTA - When collection continue to dwindle, the leader of the second generation of Bakrie Group, Aburizal Bakrie, issued a surprising statement. Ravi, greeting Aburizal, who is now minister of people welfare field coordinator of the states will resign from government after the period of office ends next year.
People richest Southeast Asian version of Forbes magazine, the department will release the minister, although President Susilo Bambang Yudhoyono and vice president Jusuf Kalla presidential election elected again in April 2009.
''I will resign from the cabinet,''Ravi firmly as quoted in an interview to the prestigious economic magazine website forbes.com. Interviews are conducted on Friday (14/11), a day before the anniversary of Ravi-62, but the new forbes.com released yesterday (18/11).
He admitted to the resignation of the minister's seat is obtained permission from SBY and Kalla. ''I have been talking with President SBY and the vice president Jusuf Kalla that I will work and social is not in government,''he said.
Ravi into the government car with United Indonesia Cabinet President SBY five years ago. However, the mud disaster in Scone, in Sidoarjo, East Java, which is triggered by the drilling subsidiary of the Bakrie Group, Lapindo Brantas Inc., on 26 May 2004 to create Ravi always highlighted.
Men's tennis is a hobby always has been behind the its doldrums government stance against Lapindo. In fact, Ravi seats in the cabinet in rocking time compensation payments to residents of disaster victims choked-stagnant.
However, SBY is still follow Ravi in the cabinet. When the replacement of personnel minister (reshuffle) in 2005, SBY did not stop Ravi, although the pressure is very strong. Ravi only shift the position of Coordinating Minister for People's Welfare Coordinating Minister for Economic become.
Replacement of the opportunity to reduce the beam against Ravi. However, last month, positions he shares even more difficult when children fall Bakrie Group companies in exchange to brush global crisis.
Ravi returnin a gossip use influence to press the authorities to protect the stock price decline in shares pledge subsidiary, PT Bumi Resources Tbk (BUMI), to do with suspension (termination of the transaction shares) without time limit.
He was in the newshostile to the Minister of Finance Sri Mulyani matter of suspension revocation shares. However, the men reported that Forbes has a wealth of USD 5.4 billion refutes himself involved in the business to meddle in the Bakrie Group.
''I never disagree with the Sri Mulyani. We both are in the cabinet and the cabinet is very strong under the leadership of the president. He (Sri Mulyani) has done a great job. This Cabinet united, there is no disunity in the cabinet,''he said.
He also refutes the influence in government to help family business interests. ''I am no longer a businessman. I know what (my family) do. However, I am no longer a businessman,''he said.
''I went to the office of the company to pray, yes. And if the evening a brother I want to give a report, okay, we will supplement. But, it only,''he said.
When asked whether the Bakrie Group is the best example of a matter of transparency and corporate governance in Indonesia, Ravi had asked back. ''What do you mean by transparency when you discuss with Goldman Sachs? When you're talking about Lehman Brothers? Citibank? General Motors? Transparency what you want to see?''Aburizal firmly.
''I think we're all more transparent that my name was mentioned. Fannie Mae, Freddie Mac, a course! Transparency what?''He said.
''When you talk about governance, whether you think a bankrupt company must pay its CEO hundreds of millions of dollars? See what happens with AIG. What is good governance that we want to discuss? We are more transparent and we have governance. Life is very hard now for anyone,''said the former chairman of Kadin.
Then, to which Ravi will leave the government after? He expressed the servants of the president for five years is enough. ''I have contributed my ability for five years. Now I want to play with the grandchildren and spend more time with family while doing charity activities,''he said.
People richest Southeast Asian version of Forbes magazine, the department will release the minister, although President Susilo Bambang Yudhoyono and vice president Jusuf Kalla presidential election elected again in April 2009.
''I will resign from the cabinet,''Ravi firmly as quoted in an interview to the prestigious economic magazine website forbes.com. Interviews are conducted on Friday (14/11), a day before the anniversary of Ravi-62, but the new forbes.com released yesterday (18/11).
He admitted to the resignation of the minister's seat is obtained permission from SBY and Kalla. ''I have been talking with President SBY and the vice president Jusuf Kalla that I will work and social is not in government,''he said.
Ravi into the government car with United Indonesia Cabinet President SBY five years ago. However, the mud disaster in Scone, in Sidoarjo, East Java, which is triggered by the drilling subsidiary of the Bakrie Group, Lapindo Brantas Inc., on 26 May 2004 to create Ravi always highlighted.
Men's tennis is a hobby always has been behind the its doldrums government stance against Lapindo. In fact, Ravi seats in the cabinet in rocking time compensation payments to residents of disaster victims choked-stagnant.
However, SBY is still follow Ravi in the cabinet. When the replacement of personnel minister (reshuffle) in 2005, SBY did not stop Ravi, although the pressure is very strong. Ravi only shift the position of Coordinating Minister for People's Welfare Coordinating Minister for Economic become.
Replacement of the opportunity to reduce the beam against Ravi. However, last month, positions he shares even more difficult when children fall Bakrie Group companies in exchange to brush global crisis.
Ravi returnin a gossip use influence to press the authorities to protect the stock price decline in shares pledge subsidiary, PT Bumi Resources Tbk (BUMI), to do with suspension (termination of the transaction shares) without time limit.
He was in the newshostile to the Minister of Finance Sri Mulyani matter of suspension revocation shares. However, the men reported that Forbes has a wealth of USD 5.4 billion refutes himself involved in the business to meddle in the Bakrie Group.
''I never disagree with the Sri Mulyani. We both are in the cabinet and the cabinet is very strong under the leadership of the president. He (Sri Mulyani) has done a great job. This Cabinet united, there is no disunity in the cabinet,''he said.
He also refutes the influence in government to help family business interests. ''I am no longer a businessman. I know what (my family) do. However, I am no longer a businessman,''he said.
''I went to the office of the company to pray, yes. And if the evening a brother I want to give a report, okay, we will supplement. But, it only,''he said.
When asked whether the Bakrie Group is the best example of a matter of transparency and corporate governance in Indonesia, Ravi had asked back. ''What do you mean by transparency when you discuss with Goldman Sachs? When you're talking about Lehman Brothers? Citibank? General Motors? Transparency what you want to see?''Aburizal firmly.
''I think we're all more transparent that my name was mentioned. Fannie Mae, Freddie Mac, a course! Transparency what?''He said.
''When you talk about governance, whether you think a bankrupt company must pay its CEO hundreds of millions of dollars? See what happens with AIG. What is good governance that we want to discuss? We are more transparent and we have governance. Life is very hard now for anyone,''said the former chairman of Kadin.
Then, to which Ravi will leave the government after? He expressed the servants of the president for five years is enough. ''I have contributed my ability for five years. Now I want to play with the grandchildren and spend more time with family while doing charity activities,''he said.
