Special Body to Run SOEs
Monday, September 25, 2000
A special body will soon be established with the task of managing state-owned enterprises (SOEs), and with it sees the retreat of Cacuk Sudarijanto, head of the powerful Indonesian Bank Restructuring Agency (IBRA), from the race to acquire authority over the state-owned corporations.
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A few weeks ago, newly appointed Coordinating Minister for the Economy Rizal Ramli asserted that all SOEs would be placed under his authority and that a body especially formulated for the task would oversee their management. As soon as this statement was made public, other parties issued similar claims over state-owned companies. Fortunately, the debate soon ended with a presidential decree that gave control of the 144 state-owned corporations to
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