Why Sell Off BCA Shares?

February 6, 2001

Indonesia's relationship with the International Monetary Fund (IMF) could become somewhat strained over the next few weeks. This is because it seems likely the government will fail to sell its shares in Bank Central Asia (BCA) and Bank Niaga. Just one indication of this is the refusal of several members of the House of Representatives (DPR) to agree with the government's divestment plans for these two banks. If this turns out to be the attitude of

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