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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (3618)	5/15/1998 1:54:00 PM
From: Sam	Read Replies (3) \| Respond to of 9980

Tom, "(bear in mind this company [Steady Safe Taxis] has US$20m of revenue - in Rupiah. Why did anyone lend them money??!?!?)" Not just money, but $250 million. I asked the same question when Peregrine failed several months ago. Someone on the thread said that they aren't just a taxi company; they are a taxi company owned by a Suharto daughter. I forget all the exact details, but it was something like they (the "taxi" company) were going to build a bridge with it, or some such thing. (Perhaps a Bridge over Troubled Waters? Or perhaps connecting the Twin Towers?) The good folks at Peregrine probably just shrugged, and opened up another shop somewhere under a different name. No fuss, no muss, no "real" harm done. After all, it's only chump change, isn't it? Sam