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View all search resultsIn a high interest rate environment and with the coronavirus pandemic nearing the endemic stage, analysts see growth potential in many of Lippo Group's business lines but difficulties in the property segment.
The rationale behind the ratings decisions varies for each company but revolves around liquidity risks, concerns over debt repayment ability, a sharp rupiah depreciation, low commodity prices and overall weak demand.
Japanese conglomerate Marubeni Corporation has agreed to acquire a 5 percent stake in PT Siloam International Hospitals (Siloam), a publicly listed hospital chain controlled by PT Lippo Karawaci, as part of its plan to expand into health care in Indonesia.
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