restrukturisasi-utang-ks-terbesar-sepanjang-sejarah-bumn

Liputan6.com, Jakarta PT Krakatau Steel (Persero) Tbk saat ini tengah melakukan efisiensi demi memangkas kerugian yang sudah dideritanya lebih dari lima tahun. Berbagai upaya dilakukan mulai dari perampingan organisasi hingga restrukturisasi utang perusahaan. Direktur Utama Krakatau Steel Silmy Karim mengungkapkan ada beberapa hal yang ia minta kepada Menteri BUMN Rini Soemarno ketika awal memimpin KS. Salah satu yang....

krakatau-steel-committed-to-restructuring-despite-lower-revenue

JAKARTA – PT Krakatau Steel (Persero) Tbk (KRAS) remains committed to continue its restructuring process, although its revenue in the first semester of 2019 dropped 16.78% year on year (yoy) to US$ 702.05 million. “Steel imports are still putting pressure on the domestic steel industry. The utilisation rate of HRC (hot rolled coil) production is still under....

golden-plantation-goll-request-for-an-extension-of-its-pkpu-status

JAKARTA. PT Golden Plantation Tbk (GOLL) requested an extension of its Suspension of Debt Payment Obligation (PKPU) status to the commercial court, because it was unable to pay its maturing debt, which reached Rp 9.47 billion. Budhi Istanto Suwito, Director of GOLL, said the debt came from two of its subsidiaries, PT Bumiraya Investindo (BRI)....

bri-reject-pkpu-lawsuit-by-duniatex

JAKARTA. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) rejected the lawsuit for Suspension of Debt Payment Obligations (PKPU) filed by the Duniatex Group at the Semarang Commercial Court. Hari Purnomo, Corporate Secretary of BBRI, said that his party rejected the lawsuit because the loans given to Duniatex Group was bilateral. Even so, BBRI has approved....

krakatau-steel-officially-signs-debt-restructuring-with-six-lenders

AKARTA (TheInsiderStories) – Local manufacturer, PT Krakatau Steel Tbk (IDX: KRAS) has officially signed a debt restructuring agreement with six financial institutions. The management has said will use three schemes to restructure the company’ loans, use cash, divestment program and issue a convertible bond. The debt restructuring was also carried out with the company’ subsidiaries, PT Krakatau Wajatama, PT....

duniatexs-suspension-of-payment-request-granted-by-semarang-commercial-court

SEMARANG – The Semarang Commercial Court has granted a suspension of payment request filed by PT Shine Golden Bridge against PT Duniatex Group. According to Duniatex’s legal counsel Aji Wijaya, the Semarang Commercial Court ruled on the suspension of payment request filed against Duniatex’s subsidiaries on Monday (30/9). He also added that Duniatex is prepared....

ford-shares-tumble-nearly-7-as-11-billion-restructuring-hits-bumps

Ford’s Q3 results and lower guidance are most recent example of speed bumps for CEO Jim Hackett’s $11 billion restructuring plan. Hackett and other executives pointed to product mix, increasing free cash flow and progress in Europe as examples of the turnaround plan taking hold. Shares of Ford closed down nearly 7% on Thursday  ....