The Government to the Rescue_ Again!
Tuesday, November 13, 2001
The government comes to Bank International Indonesia's s rescue by taking over Sinar Mas Group's non-performing loans. And Eka Tjipa Widjaja agrees to give his personal guarantee. But is that enough?
arsip tempo : 173169644945.
Despite the convoluted process involved, the government finally decided on recapitalizing Bank Internasional Indonesia (BII) for the second time. In other words, the governmentwhich has been consistent in bailing out the banking sectorhas twice injected capital into the same bank, formerly owned by Eka Tjipta Widjaja. This inevitable and predictable measure, was taken because Bank Mandiri's intention to acquire BII has yet to happen. Last week, th...
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