The Sale is Right, the Method is Not
Tuesday, March 19, 2002
The government finally decided to sell BCA to Farallon Capital. Good news for the Indonesian economy, albeit short-term.
arsip tempo : 178038076355.
Bank Central Asia (BCA), once the biggest private bank and the best-run in Indonesia, is finally sold to Farallon Capital. The bank, built by Indonesian businessmen is now under the control of a foreign investor.
Is this the first step towards becoming a nation of coolies? That's how Amien Rais, a political scientist who rose to become Speaker of the People's Consultative Assembly (MPR) despite the fact his party garnered only 7 percent of t
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