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restructuring

Editorial 3 years ago

Saved from bankruptcy

The option of bankruptcy would kill any chance of the creditors recouping their loans because any revenues obtained from asset liquidation would first be allocated to tax payments and severance allowances to employees.

Companies 3 years ago

PREMIUM
Garuda ups pressure on creditors week before deadline

As the court- supervised debt-restructuring period draws to its end, the national flag carrier has expressed hope to reach an agreement with creditors.

Academia 3 years ago

PREMIUM
How Indonesian banks have prepared for risks

Provisions, liquidity and capital are the three key areas that determine a bank's survivability in a crisis.

Companies 3 years ago

PREMIUM
Garuda Indonesia requests third extension of restructuring period

Garuda Indonesia has once again requested more time for its supervised debt restructuring, as the national flag carrier believes it will not be possible to complete the process by the May 20 deadline.

Editorial 4 years ago

COVID-19 research in doubt

In the future, all funding and cooperation must gain approval from BRIN, the formation of which has been deemed by many as the politicization of science.

Companies 4 years ago

PREMIUM
New Garuda rescue plan seeks $6 billion debt cut

Under the proposal, creditors would be pressed to take either a haircut or a debt-for-equity swap.

Opinion 4 years ago

PREMIUM
Path of the pandemic and financial sector policies

The government should not hesitate to tighten restrictions whenever cases surge too fast and medical capacity is strained.

Opinion 4 years ago

PREMIUM
Bankruptcy moratorium and law reform is sorely needed

Tightening the requirements for bankruptcy applications could help, but would not address the whole issue and could even create new problems

Business 4 years ago

PREMIUM
Waskita inks deal to restructure $2 billion in loans

State-owned construction company has secured a restructuring deal with 21 banks for a total of Rp 29.2 trillion in loans.

Business 4 years ago

PREMIUM
Second loan-restructuring extension gives banks breathing room

The Financial Services Authority (OJK) announced on Sept. 2 that the end date of the loan-restructuring program had been pushed back to March 2023, from the previous date of March 2022, which is itself an extension of the first expiry date of March 2021.

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restructuring

Saved from bankruptcy

PREMIUM Garuda ups pressure on creditors week before deadline

PREMIUM How Indonesian banks have prepared for risks

PREMIUM Garuda Indonesia requests third extension of restructuring period