Business

Bank Century, reshuffle issues hurt domestic market: Observer

The Jakarta Post, Jakarta | Mon, 02/08/2010 9:24 PM | Business

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Issues of a cabinet reshuffle, derived from Bank Century’s controversial bailout, have been impairing domestic markets amid the impact of the global economic crisis, an observer says.

Purwoko Santono of Panin Sekuritas financing company said that poor economic situations in European countries since the global financial crisis had been the main challenge to regional stock markets.

“The condition was worsened when foreign investors decided to quit the domestic market due to discomfort in our political situation,” said Purwoko as quoted by tempointeraktif.com on Monday.

Purwoko predicted that the domestic market would react even more aggressively should the issue of any possible implication of Finance Minister Sri Mulyani Indrawati in the bailout case appear again. (nkn)