“I see bright face of Pak Ical now because coal price hovers above US$400 per ton,” said President Joko ‘Jokowi’ Widodo during a speech at Golkar Party’s anniversary last week, when he greeted Golkar Party’s chairman of patron board Aburizal Bakrie. Bumi Resources (BUMI), the main cash cow of Bakrie Group, has indeed regained grounds to make a market capitalization of Rp24.35 trillion. To subscribe please click here
