Ten Bumi executives desert the ship
Ten executives have quit PT Bumi Resources, Indonesia’s top coal exporter, as the firm gets ready to disconnect itself from the Bakrie Group and London-listed parent Bumi Plc. In a…
More Bumi plc directors resign on shake up
London-listed Bumi plc said on Monday that directors Philip Yeo and Sony Harsono would resign in a likely effort to simplify its board after a recent showdown. The company said…
The Bumi scandal reaches break-up point
…Bumi now proved to be the worst of a distinctly bad bunch. In early 2012, the “voices of dissent” went largely unheeded – even when eloquently expressed at Bumi’s first…
At the battle of Bumi, pyrrhic victory as Board still refuses to face the truth
…the government to act? To do this, at very least, for the sake of people’s lives and livelihoods in countries like Indonesia.” See http://www.downtoearth-indonesia.org/story/bumi-plc-meets-today-london-sort-out-ownership-feud. The Bumi debacle: A timeline http://www.efinancialnews.com/story/2013-02-21/bumi-debacle-timeline?mod=blogheadlines-home…
