RED CARPET FOR LOUSY PERFOMERS

Bank Internasional Indonesia has almost hit bottom.

May 14, 2002

Is this favored child of the government of Indonesia worth saving? Whatever disaster befalls the bank that formerly belonged to Eka Tjipta Widjayas family, the government is there to bail it out. Even when the previous owner, Sinar Mas Group, was not transparent about the credit given internally, the government seemed to simply turn its head and look the other way. Up to now, BII has received two capital injections from the government and is now

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