BCA Divestment
The Death of SMEs' Dream Child
Tuesday, October 9, 2001
The opportunity for SMEs to buy BCA is disappearing fast. Laksamana Sukardi, State Minister for SOEs, has explained that national interests are more important than national ownership.
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THE gifts that Laksamana Sukardi brought back from America and Japan were a bit of an anticlimax for the owners of Small- and Medium-sized Enterprises (SMEs). The State Minister for State-Owned Enterprises (SOEs) said in a statement that SME owners could buy Bank Central Asia (BCA) shares through the stock exchange. This means only one thing: there's almost no chance of SMEs becoming a strategic investor in BCA. Laksamana also made clear several s...
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