Embracing Shinta

THE Sinar Mas Group has returned to compete in the banking sector. After losing Bank Internasional Indonesia (BII) four years ago, the conglomerate controlled by Eka Tjipta Widjaja's family signed an agreement to purchase 100 percent of Bank Shinta last April.

Currently, individuals from Sinar Mas who have been nominated for management positions at Bank Shinta are participating in a fit-and-proper test at Bank Indonesia. The acquisition is b

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