Waiting for the Honeymoon

There are rows of investors interested in Bank Permata, so there's need to sell off the bank in a hurry.

June 22, 2004

ONCE a proposal of marriage has been rejected, one can't really start sending love letters again. Whatever does in fact happen, the authority to make such a decision is certainly not in the hands of Sigit Pramono and the management team of PT Bank Negara Indonesia Tbk. (BNI). Following the rejection of the proposal for a merger with PT Bank Permata Tbk., now the desire of the managing director of Indonesia's second largest government bank to ob

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