Banking
Heat at the Top

Khazanah’s measure of merging Bank Niaga and Lippo Bank will change the map of national banking. Bank Danamon’s position is threatened.

June 10, 2008

ONE meeting for these two personages was not sufficient. The first, on Monday morning last week, was when Vice President Jusuf Kalla entertained Malaysian Deputy Prime Minister Datuk Sri Mohamad Najib Tun Haji Abdul Razak at the palace. After taking turns in telling jokes, they became serious and discussed several issues. The main item on the agenda: the planned merger between Bank Niaga and Lippo Bank.

One hour before lunchtime, the number two

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