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Asia Sentinel
Indonesia's Growing Economic Nationalism

Indonesia's Growing Economic Nationalism

Our Correspondent
Jun 07, 2012
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Asia Sentinel
Asia Sentinel
Indonesia's Growing Economic Nationalism
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Singapore-based DBS Holdings Group announced in April it would pay US$7.2 billion to take over Bank Danamon, Indonesia’s sixth-biggest bank. Only three weeks later Bank Indonesia, the country’s central bank, announced that it would issue new rules limiting international ownership in local banks, putting the Danamon takeover on hold – until after the new…

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