What's to be Gained from the BCA divestment?
Tuesday, February 26, 2002
Concerned that the government is being deceived and disadvantaged, the BCA divestment is being increasingly being questioned. There are even calls to renegotiate with the bidders.
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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 bank—despite 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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