The government seems destined to suffer yet another humiliating loss following the decision of Bank Central Asia's (BCA) new management team to distribute dividends for fiscal year 2001. Last May, BCA's management decided to distribute approximately 25 percent of the Rp3.2 trillion in profits it recorded in 2001, to its shareholders.

The Indonesian government, represented by the Indonesian Bank Restructuring Agency, currently holds a 6.6 perc