| Bank Bali’s deal provoked anger | ||||||
Foreign investors have little interest in Indonesia. The country is so far off the radar screen for such banks as HSBC, Salomon Smith Barney and Deutsche Bank that research analysts specializing in the region no longer cover it.
Yet, even after a disastrous attempt to buy Bank Bali in 1999, Standard Chartered is again looking to buy an Indonesian bank. Those keeping an eye on Indonesia are excited – if things go to plan foreign investor confidence should rise.
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