Don't Add to the People's Woes

The sale of PT Bahana medium term bonds by IBRA needs scrutinizing, because it only benefits the buyers while adding to the people's burden.

February 24, 2004

In the run up to its dissolution, the Indonesian Bank Restructuring Agency (IBRA) has been busy selling assets. While there is nothing wrong with this, it does not mean public oversight should be omitted. At the very least, the sale of PT Bahana's Rp2.9 trillion medium term bonds controlled by IBRA should be worthy of attention.

This is because from the perspective of public interest, there is no clear reason for the sale. PT Bahana shares

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