Ultimatum Time—Again

IBRA has treated business tycoons like highly reliable investors, but it has also given them an ultimatum. What's behind all this?

November 12, 2002

ATWO-day grand occasion took place in Bali on November 5 and 6, 2002 under the banner "IBRA Investment Forum 2002". Three superstars highlighted this event: the State Minister for State-Owned Enterprises, Laksamana Sukardi, Chairman of the Indonesian Bank Restructuring Agency (IBRA), Syafruddin Temenggung, and a high-ranking official of the Indonesian Democratic Party of Struggle (PDI-P), Taufiq Kiemas. In a spirit to revive confidence for inv

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