Back to the `Kindergarten'

Laksamana Sukardi's plan to sell 51 percent of BCA shares is opposed by the DPR, even though the sale could open the door to the return of foreign investors.

September 11, 2001

EVEN though an idea is good, it is not always received well. This is an apt descrip tion of where Laksamana Sukardi finds himself at the moment. There is strong opposition from members of the House of Representatives (DPR) towards his plan to sell off 51 percent of shares in Bank Central Asia (BCA) to a strategic investor. This is despite the fact that the reasons put forward by the State Minister for Revenues and State Companies really do make s...

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