October 7, 2003 edition
Special Report
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International
Just like Bulog and military foundations, there is strong evidence that the Bank Indonesia Employees Welfare Foundation (YKKBI) is just an excuse for senior officials to reap profits in an inappropriate manner. An audit by the Supreme Audit Agency shows that the more than Rp2 trillion funds YKKBI has placed in a number of investments have been gobbled up by a variety of inefficiencies. Corrupt and collusive practices that grow on fertile ground at the central bank offices in Kebon Sirih have made the fate of a number of its subsidiariesranging from a banknote paper factory to a potato plantationuncertain. It has been discovered that, in the money-laden projects that the foundation manages, the Kebon Sirih high officials turn out to possess massive mysterious shares.
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Cover Story
Tempo Talks
Improving Connectivity, Boosting Cooperation
This year, Indonesia and India mark 75 years of diplomatic relations. However, the ties between the two nations have existed much longer, predating the establishment of the Republic of Indonesia and the Republic of India. These connections span social, cultural, religious, economic, and trade aspects. But do those close ties of the past have any bearing on the present relationship? Why is there no direct flight between the capitals of the two countries?
Indian Ambassador to Indonesia and Timor-Leste, Sandeep Chakravorty, shares his views on this matter at TEMPO TALKS.
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