Brambles for Retirees

For the sake of its high officials pleasure, BI bought shares in 11 golf courses worth Rp3.4 billion. Another Rp1 billion was sunk into a golf ball factory project.

October 7, 2003

SENIOR officials at the central bank are full of style. They always need something special to relax after working to maintain monetary stability and supervising the banking sector. There are various means: buying expensive paintings, collecting exotic statues, or just playing golf.

Many people say that its normal for officials to play golf. But at Bank Indonesia (BI), there is something extraordinary. Its high officials are not satisfied just to s

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