Why Not Just Let Them Die?

Technically, Boma Bisma Indra and Barata Indonesia are already bankrupt. Why have these two strategic SOEs lost out to new players?

December 25, 2001

THEY both have powerful-sounding names, Bisma and Barata, but don't ask how they are performing at the moment. Both PT Boma Bisma Indra and PT Barata Indonesia are a bit like a thick and tough plant that has grown inside a stone—sure, it's a difficult life but nor is it easy to die. This is the situation that these two state-owned enterprises (SOEs), which are under the PT Bahana Pakarya Industri Strategis (BPIS) holding company, face bec

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