2002 KALEIDOSCOPE: ECONOMI & BUSINESS

IBRA, Sale Expert?

The expert at selling credit assets at discount, that’s what people call the Indonesian Bank Restructuring Agency (IBRA) under Syafruddin A. Temenggung’s leadership. As its closing approaches this coming year, the agency is racing to sell credit assets—the majority of which haven’t been restructured—at hugely discounted prices. The reason: to achieve the target figures. Of the Rp185 trillion credi

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