Ruru makes progress amid chaos

Headline: Ruru makes progress amid chaosSource: euromoney.comDate: June 2001Author: Maggie Ford Bacelius Ruru seems an unlikely troubleshooter in the rough and tumble world of Indonesia’s financial sector, which is plagued by exceptional levels of corporate debt, continuing accusations of corruption and persistent political instability. Yet the mild-mannered Harvard-educated former bureaucrat has demonstrated that quiet persistence […]

Headline: Ruru makes progress amid chaos
Source: euromoney.com
Date: June 2001
Author: Maggie Ford

Bacelius Ruru seems an unlikely troubleshooter in the rough and tumble world of Indonesia’s financial sector, which is plagued by exceptional levels of corporate debt, continuing accusations of corruption and persistent political instability.

Yet the mild-mannered Harvard-educated former bureaucrat has demonstrated that quiet persistence and hard work behind the scenes – plus an approach that emphasizes trust and good corporate governance – can work even in Indonesia.






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