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Indonesian election-spurred outflows pose opportunity for private banks

As Indonesia’s 2014 presidential election season fast approaches marking end of Susilo Bambang Yudhoyono’s maximum two-term presidency, a Singapore-based senior relationship manager at a global private bank expects to see substantial capital outflows from the archipelagic state, presenting significant opportunity for Asia’s private banking industry. “Cases of capital outflows and the depreciation of the rupiah are the same every time…

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