Indonesian Political, Business & Finance News

Decree yet to be signed

| Source: JP

Decree yet to be signed

President Megawati Soekarnoputri is yet to sign a presidential
decree confirming the appointment of a new Indonesian Bank
Restructuring Agency (IBRA) chairman, according to Metro TV.

The TV station did not give details in its report on Sunday.

State Minister of State Enterprises Laksamana Sukardi, who on
Friday said that he had dismissed IBRA chairman I Putu Gede Ary
Suta and replaced him with Syafruddin Temenggung, could not be
reached for comment.

The Office of the State Minister of State Enterprises oversees
IBRA, but changing the agency's chairperson requires the approval
of the president.

Deputy Cabinet Secretary Erman Rajagukguk said, "As of Friday,
I had not seen the draft decree. But I don't know if it is going
to be signed (on Monday)."

A source at the palace said that Megawati had approved the
reshuffle at the key institution although she had yet to sign the
presidential decree.

The source added that unless there were further big
developments Syafruddin would still be installed as the new IBRA
chief on Monday.

The source said that if Megawati changed her mind and
maintained Ary Suta as IBRA chairman, Laksamana might resign from
his post.

"It will be either that Ary Suta stays in power or Laksamana
quits his job," the source said. -- JP

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