When David Challenges Goliath

THE outcome of a selection commencing the tender for government-owned majority shares in Bank Danamon has been announced. Of those seeded as eligible participants, the consortium of Asia Finance Indonesia Pte. Ltd. is believed to be no match for its competitors: the consortium of Bank Artha Graha and the consortium of Bhakti Capital Indonesia-Bank Mega. With two main supporters, Temasek Holding Singapore, engaged in telecommunications, air transp

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