Financial Times FT.com

Indonesia halts trade again to quash rumours

By John Aglionby in Jakarta

Published: October 11 2008 03:09 | Last updated: October 11 2008 03:09

Fuad Rahmany, the embattled head of Indonesia’s capital market supervisory agency, said on Friday trading on the nation’s stock exchange would be suspended for a third consecutive day, partly “to clear up all rumours and distorted information”.

Underpinning the uncertainty in the domestic market, in addition to global factors, was concern over an alleged liquidity crisis within the family business empire led by Aburizal Bakrie, 61, the country’s senior welfare minister and member of Golkar, the largest party in parliament.

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