After the Discount Sales Failed

It has already been decided that IBRA will be closed down during the next three months yet many crucial matters remain unresolved.

December 2, 2003

SYAFRUDDIN Arsjad Temenggung appeared very convincing at the November 17 cabinet meeting. And according to one of Syafruddin's subordinates, President Megawati was so impressed by the confident and complete presentation made by the Chairman of the Indonesian Bank Restructuring Agency (IBRA) that she promptly agreed to his proposal. Syafruddin has long been of the opinion that the agency should be wound up in line with the schedule set in Gover

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