A Case for Special Treatment
Tuesday, February 6, 2001
SO, HOW'S everything with Eka Tjipta Widjaja and his family? In the midst of being surrounded by debts on all sides, the Indonesian Bank Restructuring Agency (IBRA) has given this businessman a clean bill of health. It is as if IBRA views its main function as saving businessmen rather than restructuring the banking sector.
On behalf of Bank Internasional Indonesia (BII), IBRA has agreed to swap Sinar Mas Group debts totaling US$1.4 billion (Rp13.
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