Asia Sentinel

Asia Sentinel

Indonesia's Army Seeks to Divest

Our Correspondent
Nov 28, 2008
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Four years after the Indonesian government promised to dismantle its military’s business empire, there is finally an official estimate of what the army-owned companies, foundations and assets are actually worth (the legal ones anyway).

It’s underwhelming.

According to the team charged with verifying and valuing the businesses, the military has net assets …

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