Economy
Haji Isam Acquires Over 30% of Bayan Shares: Economic Sovereignty or Oligarchic Maneuver?
The massive acquisition of 30.25% of PT Bayan Resources Tbk (BYAN) shares by South Kalimantan businessman Haji Isam is being hailed as economic patriotism. However, the transfer of shares from a Singaporean investor suggests the transaction is more about inter-oligarchic dealings than national sovereignty.
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