Arifin Panigoro: "Taufik Kiemas' considerations and Mine are Different"
Tuesday, March 13, 2001
Oil and politics don't mix. Both are slippery and sticky, and if combined for the purposes of gaining wealth and power, usually lead to falling flat on one's face. In Arifin Panigoro, however, oil and politics mingle, like waves and a surfer, moving in harmony.
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Arifin Panigoro's name has surfaced prominently in the media in recent weeks, following Bahana Holding management's plans to restructure its short-term debts. Bahana Holding, a government-owned financing institution, is in the midst of negotiations to reclaim trillions of rupiah in debts. Arifin's company, with debts of Rp650 billion in Bahana, places him second of Bahana's five major debtors.
When asked about these debts during a closed interview
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