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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Bakrie company requests more time to settle debts

| Fri, February 13 2009 | 06:24 pm

PREMIUM JAKARTA: PT Bakrie Capital Indonesia, a shareholder of PT Bakrie & Brothers, recently asked a state financing firm for an extension of time to refinance Rp 83 billion (US$7.05 million) in repo debts. R.A Sri Dharmayanti, Bakrie Capital's corporate secretary, said in a statement that the company is still struggling to refinance and rationalize assets, and asked for more time until the end of M...