JAKARTA - The Indonesian stock-exchange fell by 5 percent at the reopening of trade on Monday after a three-day halt, despite the government increasing the bank guarantee to help restore investor confidence in the economy amid the global financial market crisis. Finance minister Sri Mulyani Indrawai announced that the government would extend the bank guarantee deposit from 100 million rupiah (7.500 euro) up to 2 billion rupiah (150.000 euro).
"Customers may not be worried when they keep their money in banks. The government increases the maximum deposit guaranteed by the deposit insurance," she told at a press briefing in Jakarta. The stock market suspended trading on Wednesday after the Jakarta Composite Index slumped to more than 10 percent, then skidded to more than 20 percent through the week. The trading was planned to re-start on Friday, but then was canceled after the global shares index tumbled.