Protest rallies should not disrupt BCA services<\/p>\n
Protest rallies involving thousands of employees of the
\ncountry's largest retail bank, Bank Central Asia (BCA), took
\nplace in Jakarta on Monday and Tuesday, March 11 and March 12.
\nThey took to the streets, unfurling banners and posters
\nessentially rejecting the sale of the government's stake in BCA
\nto a foreign party.<\/p>\n
Some have assumed that these protest rallies have been
\norganized not only in the employees' interests but have also been
\nsupported by the bank's incumbent high-ranking officials. The
\nauthority and position of officials could be under threat if a
\nforeign party were to secure a controlling shareholding in the
\ncompany. Moreover, they are generally loyal to the Salim group,
\nwhich has not been allowed to repurchase the shares, as the group
\nis no longer fit to do so.<\/p>\n
Under these circumstances, the government should not only show
\na firm attitude but also give a transparent explanation so that
\nthe conditions, aims and objectives of selling its controlling
\nshareholding in BCA will be clear beyond any shadow of a doubt.
\nThis explanation is necessary to counter the assumption that the
\nbank's employees have staged protest rallies in the name of
\nnationalism, as it is obvious that they have been fighting for
\nthe interests of their own or of certain other parties. They are
\nnot defending Indonesia.<\/p>\n
-- Warta Kota, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/protest-rallies-should-not-disrupt-bca-services-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }