Awaiting the New IBRA Duo
The news of State Minister for State Enterprises, Laksamana Sukardi, doubling up as IBRA chairman has turned out to be true. What about Arif Arryman's appointment as IBRA's vice-chairman? Could this be a compromise between those associated with Rizal Ramli and the so-called Berkeley Mafia?
September 11, 2001
The good ship of the Indonesian Banking Restructuring Agency (IBRA) has once again been placed under the command of a new captain. A TEMPO source in the government said that President Megawati Sukarnoputri has already signed a new government regulation amending the scope of IBRA's work. After a study of all the legal, administrative and economic aspects, IBRA will finally be separated from the Minsitry of Finance and placed fully under the control...