1. Most significant were a series of loans, in the form of promissory notes, to an Indonesian taxi company named PT Steady Safe. 2. Peregrine collapsed because of a liquidity crisis caused by a single bad investment in an Indonesian taxi firm called Steady Safe. 3. Peregrine collapsed in January after its fixed income department made loans to a number of Asian companies, most notably Steady Safe, an indonesian taxi operator. 4. A Peregrine spokesman said on Tuesday that the rights issue for Indonesian taxi operator Steady Safe was expected to be completed next month. 5. The Proton cars will be used as Indonesian taxis and government cars, the report said. 6. The Proton cars will be used as Indonesian taxis and government cars. |