75 Injured After Floor Collapses At Indonesia Stock Exchange

The second floor of the Indonesia Stock Exchange collapsed into the lobby, injuring scores of people. Jakarta Police report that 75 people were injured, while three local hospitals have taken in 52 people - most of whom have injuries to their legs and arms. 

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A group of touring college students were among the injured according to local media. 

The moment of collapse can be seen here:

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According to Nick Owen, Indonesia correspondent for The Economist, "The stock exchange is one of Jakarta’s most modern buildings, hosting offices of World Bank and others. Not where one would expect such a disaster to occur."

 

According to Bloomberg, "The stock exchange complex is composed of two 32-floor towers, with the intact Tower 1 completed in 1994 and the damaged Tower 2 in 1998, according to the developer Sudirman Central Business District’s website. The building also houses the World Bank’s local office, according to the bourse’s website. The exchange switched to automated trading in May 1995, clearing the trading floor of brokers. President Joko Widodo visited the exchange on the last trading day of 2017, his third visit in 6 months."

In September 2000, the building was attacked in a suicide bombing by Islamic militants, however a bomb has been ruled out in yesterday's collapse. The stock exchange said it would continue trading as normal "without significant change to the trading schedule." 

Comments

Silver Swan Klassenfeind Jan 15, 2018 8:18 AM Permalink

I’m making over 14k a month working part time from home as an unlicensed architect for shithole countries. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... 

https://www.zerohedge.com/news/2018-01-15/75-injured-after-floor-collapses-indonesia-stock-exchange#comment-11001692

In reply to by Klassenfeind

CRM114 Jan 15, 2018 7:50 AM Permalink

Looks like the supporting struts for the mezzanine failed at the lower connection points as the background group of students came on to it.

I think they are emerging from the elevators(s) in a tight group.

They may be all males, as the foreground group appears to be mostly females (usual separation in muslim countries)

It's possible they exceeded the design limits of the floor, the nearest of the strut connections gave out, with the rest fractionally after.

Possible other causes:

Strut connection not tightened properly

Inferior materials

The heavy marble flooring being a later addition and not adjusted for

Repeat stress loading (fatigue) as groups wait for and enter/exit the lifts.

 

Personally, I would expect the gallery to have been designed for a much higher floor loading, since it is entirely predictable that large numbers could gather on it. I expect the number of supporting struts was minimized, and lower supports eliminated, in order to give a 'cleaner' look.

Walkways like this are very easy to get wrong, including the worst collapse in US history in 1981

https://en.wikipedia.org/wiki/Hyatt_Regency_walkway_collapse

 

buzzsaw99 Jan 15, 2018 8:17 AM Permalink

we all gripe about cnn but I had to check six different fucking links that all had the same identical copy-paste story before i could even determine what time it happened:

Valentina Simon, head of Institutional Relations at the exchange, told CNN the collapse happened at around 12:30 p.m. local time. She described the lobby as an open space where tourists would gather, and buy drinks and snacks from a coffee shop on the ground floor.

The lobby was crowded at the time of the collapse, just after people had finished lunch...

http://www.cnn.com/2018/01/15/asia/jakarta-stock-exchange-intl/index.ht…

at least they went to the trouble of making a few phone calls.

Alexander De Large Jan 15, 2018 8:33 AM Permalink

Fake news.

The economy is fundamentally strong and the floor is not about to drop out of the stawk markit.

Yahw- um, I mean, Allah, hehe, is protecting our Chosen traders as they steer the world economy to a permanently high plateau.

To Hell In A H… Jan 15, 2018 8:34 AM Permalink

Indian builders? lol In Africa, the amount of collapsed buildings in the 90's and early 2000's was legendary. They would erect buildings and build it without the required amount of reinforced steel rods, to save money and when the building collapsed the entire Indian family would up sticks and leave the country.

This same phenomenon was also a regular occurrence in India itself, until the authorities rooted out the perpetrators of dodgy building practices. The Indians did the same with selling counterfeit drugs without the active ingredients was an exclusive Indian crime. Don't trust the Indians.