Questioning the BCA Divestment
Even after the reaching of an agreement between the government and the House, there are still matters that give rise to unease.
September 18, 2001
The government's plan for the divestment of 51 percent of its stake in Bank Central Asia (BCA) was finally approved last Thursday by Commission IX of the House of Representatives (DPR). The agreement was reached only after 11 hours of debate between the government and members of Commission IX, and involves the selling off of the bank in stages. During the first stage 30 percent will be sold followed by the sale by tender of the remaining 21 percen...