What's to be Gained from the BCA divestment?
Tuesday, February 26, 2002
What's next after Bank Indonesia conducted its fit-and-proper test on the bidders of Bank Central Asia (BCA) last week? According to the agenda, the Indonesian Bank Restructuring Agency (IBRA) is to begin the process of divesting the bankdespite growing criticisms by observers, bankers, and even Kwik Kian Gie, one of the chief economic ministers. The growing criticisms and controversy over the sale of the recapitalized bank have only a
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