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Business 6 years ago
PREMIUM
Hotels, banks, airlines join forces to attract tourists amid Covid-19 pandemic
Under the theme “My Destination Indonesia” hotel chain Plataran Indonesia, Bank BNI, Bank BCA, airline Garuda Indonesia, the Yayasan Putri Indonesia foundation and beauty brand Mustika Ratu are offering vacation packages that bundle together airplane tickets, accommodation and exotic tours to certain tourist destinations.
Business 6 years ago
PREMIUM
Banks taking cautious approach amid fears of rising bad debts
Bank Mandiri finance director Silvano Rumantir said on Wednesday that the company would be more careful in disbursing its loans to sectors that would be directly affected by the outbreak of the novel coronavirus that causes Covid-19.
Business 6 years ago
Krakatau Steel restructures record $2 billion debt to stave off bankruptcy
State-owned steelmaker Krakatau Steel has received approval from its creditors to restructure its loans totaling US$2.2 billion (about Rp 30 trillion) by, among other changes, rescheduling repayment to 2027 in order to be able to revive its business.
Business 6 years ago
Hartono brothers top 'Forbes Indonesia' list of 50 wealthiest Indonesians
Forbes Indonesia released its list of the 50 richest Indonesians on Thursday, showing that a large portion of the country’s wealth is still controlled by the old guards of various industries and legacy conglomerates.
