HIPPI Craves a Share
A consortium is being set up to purchase BCA shares. The pros and cons of this have given rise to a polemic in indigenous Indonesian business circles.
September 25, 2001
The sell-off of Bank Central Indonesia (BCA) is attracting the attention of a large number of players, including one new player in the form of the Association of Indigenous Indonesian Entrepreneurs (HIPPI). Even though the Association is unlikely to pass a 'fit and proper' test as it lacks experience in the banking sector, HIPPI's move appears to be gaining in strength. Secretary-general of HIPPI, Suryo B. Sulistio, stated that his organization ...