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Party Time for the Rich

Tuesday, July 23, 2002

The owners of non-performing loans are borrowing to buy back their debts at super-cheap prices. While this might mean good fortune for the rich, what it means for the people of Indonesia is that there are still hard times ahead.

arsip tempo : 173229071757.

. tempo : 173229071757.

SYAFRUDDIN Temenggung started clapping his hands when it was pointed out to him that the number of investors queuing up had reached 200. The clock on the wall of the banking hall in the Anggana Danamon building, Jakarta, was moving towards midday. The deadline set by the government was nearly over for investors who wanted to put in auction bids. "Look," said a beaming Syafruddin, "this mean 200 investors are taking part."

On Wednesday last week

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