Saptono Adi Junarso, head of the corporate evaluation division of BEI said the suspension is effective as from Tuesday until further notice.
Saptono said the BEI decided the suspension after the telecommunication subsidiary of the Bakrie Group failed to meet the deadline in repaying bond debt and interest.
MNC Securities` chief researcher Edwin Sebayang said the Bakrie Group is facing difficulty in settling the debts of one of its big members.
The problem besetting one big member could easily spread to other members of the group, he said.
Apparently he referred to Bumi Resources, the country`s largest coal producer, which reported big potential loss in its half year financial report.
Edwin doubted that the group could immediately raise fund to settle the bond debt.
"We hope that such case as having beset Bakrie Life would not repeat itself in the group," he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
