IBRA deputy chairmen Jerry Ng and Mahmuddin Yasin have announced their intention to resign, although Indonesia''s Finance Minister insisted that Mahmuddin should stay.
The Indonesian Bank Restructuring Agency and Holdiko, a holding company it created to dispose of the Salim companies, sold their stake in Salim-connect, Hong Kong-based First Pacific.
The Indonesian Bank Restructuring Agency (IBRA) has announced plans to sell three Salim Group subsidiaries through initial public offerings (IPO) by the end of this year.
Recent announcements from Indonesia show that behind the negative images of political and sectarian fighting, real efforts at resolving the countryÆs financial problems are taking place.