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View all search resultsloan-restructure
Regulations 1 year ago
PREMIUM
Govt to reinstate SME loan restructuring program
Coordinating Economic Minister Airlangga Hartarto announced plans for the program’s resumption on June 24, citing a request from President Joko “Jokowi” Widodo. The program was previously extended three times before expiring at the end of March of this year.
Economy 1 year ago
PREMIUM
Jokowi wants credit restructuring scheme revived
The President expressed concern about the burden on local banks and wants the loan program to resume until the end of the year, even as Indonesia was the last country to phase out such pandemic-related special facilities in March.
Regulations 2 years ago
PREMIUM
Industries ask OJK for one more year to restructure loans
Several industries have called for at least another year's extension after the OJK announced a March 2024 termination date to its pandemic-era loan restructuring facility, arguing that a one-size-fits-all approach will not work.
Regulations 3 years ago
PREMIUM
OJK extends loan-restructuring phase for just three sectors
The Financial Services Authority (OJK) has extended the loan-restructuring program for certain businesses that it believes still require more time to recover from the COVID-19 pandemic and to withstand a global slowdown next year.
Economy 3 years ago
PREMIUM
New uncertainty could necessitate more loan restructuring
Another extension of the bank loan-restructuring program believed to be unlikely, but experts and borrowers say authorities may want to reconsider, arguing that some businesses need more time to fix their finances.
