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bargains-are-hidden-in-indonesias-44-billion-of-distressed-debt

Indonesia’s pile of pandemic-related corporate debt is offering some investors the chance to cherry-pick cheap assets before a government forbearance program runs out next year. The two-year-old government plan gives creditors and debtors time to resolve billions of dollars worth of loans to companies including airline PT Garuda Indonesia to prevent wholesale bankruptcies from the Covid-induced slump. Banks are....

creditors-approve-angkasa-pura-i-debt-restructuring-plan

JAKARTA – PT Angkasa Pura (Persero) I obtains approval regarding the deferment of payment of loan interests and principal from the creditors, which consist of state-owned insurance and banks. The flexible payment period will further affect business activities and financial condition of the company. In the information disclosure quoted Wednesday (27/4), Handy Heryudhitama, Corporate Secretary of....

sinar-mas-group-officially-acquires-australian-coal-mining-company-rp-17-37-t

TEMPO.CO , Jakarta – The Sinar Mas Group issuer , Golden Energy and Resources Ltd (GEAR) through its subsidiary Stanmore Resources Ltd, has completed the acquisition of 80 percent of the shares in the Australian coal mining company, BHP Mitsui Coal Pty Ltd (BMC). The acquisition value reached US$ 1.2 billion or equivalent to Rp. 17.37 trillion (assuming an exchange rate....

waskita-karya-restructures-its-subsidiarys-debts-in-btn

JAKARTA – PT Waskita Karya (Persero) Tbk (WSKT) restructures debts of its subsidiary, PT Waskita Karya Realty (WKR) in PT Bank Tabungan Negara (Persero) Tbk (BBTN). The relaxation includes modifying the credit limit, the interest rate, and the debt payment due date. Novianto Ari Nugroho, Senior Vice President (SVP) Corporate Secretary of Waskita Karya, mentioned....

last-promise-garuda-proposes-30-day-pkpu-extension

Jakarta, CNBC Indonesia – PT Garuda Indonesia (Persero) Tbk on Tuesday (10/5/2022) is known to have submitted an application for an extension of the Debt Payment Obligation (PKPU) extension for 30 days to the Commercial Court at the Central Jakarta District Court. Previously, the PKPU had also been extended until May 20, 2022. The Jakarta District....

stafsus-erick-talks-about-potential-investors-for-garuda-indonesia

Jakarta, CNN Indonesia — Special Staff to the Minister of SOEs , Arya Sinulingga  , opened his voice about potential  new investors to improve the finances of PT  Garuda Indonesia (Persero) Tbk.“There are investors, both external and internal, but we tend to do it internally and internally,” said Arya during the BUMN Halal Bihalal at....

pkpu-extended-by-30-days-this-is-waskita-betons-plan

Jakarta – The Debt Payment Obligation Suspension Period (PKPU) of PT Waskita Beton Precast Tbk (WSBP) has been extended for the next 30 days starting from May 24 to June 22, 2022. The President Director of WSBP, FX Poerbayu Ratsunu reaffirmed his commitment to complete all obligations to creditors and will be cooperative and open....

bbtn-provides-working-capital-credit-facility-idr340-billion-to-wijaya-karya

JAKARTA. PT Wijaya Karya (Persero) Tbk (WIKA) has signed a contractor working capital credit facility agreement worth IDR340 billion from PT Bank Tabungan Negara (Persero) Tbk (WIKA). The credit facility will be used to finance thenPiling and Civil Project of the Manyar Smelter Area, according to Mahendra Vijaya, Corporate Secretary of WIKA. This credit facility....

excl-takes-over-51-of-hipernet-indonesia-for-idr-335-32-billion

JAKARTA – PT XL Axiata Tbk (EXCL) wrapped up the acquisition of 51% of PT Hipernet Indodata (HI), a managed service provider, yesterday (2/6). The transaction clocked up to IDR 335.32 billion in total. In the information disclosure quoted Friday (3/6), Ranty Astari Rachman, Corporate Secretary of XL Axiata, confirmed that HI’s shareholder structure, as....