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SHARKBAIT?

Tuesday, July 30, 2002

Many banks and securities companies have been buying up IBRA assets. But it's difficult to see just how this will accelerate economic recovery.

arsip tempo : 173506528342.

. tempo : 173506528342.

THE feast was almost over, following a week in which many employees at the Indonesian Bank Restructuring Agency (IBRA) worked late into the night, together with several notaries. Thousands of envelopes, filled with bids for the sale of loans, had been opened and examined carefully. On Wednesday last week, a senior IBRA official announced the winners in sale of loans. And what was the result like? More than half the IBRA assets that were on sa

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