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restructuring

National plantation holding PTPN III restructures leadership positions

Business 5 years ago

National plantation holding PTPN III restructures leadership positions

The holding, through a State-Owned Enterprises Ministry letter sent out on Tuesday, demoted all subsidiaries’ president directors to directors and demoted their directors to senior executive vice president.

Astra Financial restructures US$1.48 billion in loans

Business 5 years ago

Astra Financial restructures US$1.48 billion in loans

Astra Financial, a lending consortium under diversified conglomerate Astra International, has restructured loans to some 792,000 customers – worth a total of Rp 21.9 trillion (US$1.48 billion) – per a government program to prevent defaults amid the COVID-19 pandemic.

Thai govt OKs plan for bankruptcy court-led restructuring of Thai Airways

Business 5 years ago

Thai govt OKs plan for bankruptcy court-led restructuring of Thai Airways

Thailand's cabinet approved a plan to restructure troubled Thai Airways International Pcl's finances through a bankruptcy court, the Southeast Asian country's prime minister said on Tuesday.

BRI braces for further COVID-19 impacts on financial performance

Business 5 years ago

BRI braces for further COVID-19 impacts on financial performance

The pandemic has impacted the bank’s quarterly figures, as its profit dropped slightly to Rp 8.17 trillion (US$550 million) in the first three months of this year, from Rp 8.2 trillion in the same period last year.

Most banks have offered relief to clients affected by COVID-19: OJK

Business 5 years ago

Most banks have offered relief to clients affected by COVID-19: OJK

State-owned banks alone have offered their customers relief by restructuring debt totaling Rp 28.7 trillion (US$1.76 billion), the OJK says.

Garuda, ‘severely affected’ by COVID-19, may restructure bonds: Minister

Business 6 years ago

Garuda, ‘severely affected’ by COVID-19, may restructure bonds: Minister

Weakening rupiah could also impact SOEs’ debts.

Indonesia picks McKinsey to revamp firms with $172b sales

Business 6 years ago

Indonesia picks McKinsey to revamp firms with $172b sales

Indonesia is working with consultants McKinsey & Co. and Boston Consulting Group to revamp state firms with a combined revenue of US$172 billion and dominate sectors from energy to construction and telecom.

Minister's restructuring plan aims to make SOEs profitable, competitive

Business 6 years ago

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Minister's restructuring plan aims to make SOEs profitable, competitive

The businessman-turned-bureaucrat is planning sweeping reforms that aim to turn SOEs into profitable companies that can compete in the global market.

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