The Sinar Mas empire is threatened by bankruptcy. The business group, which up to recently had not incurred any bad debts, made regular debt repayments and had not been in need of Bank Indonesia Liquidity Support (BLBI) for its banks, seems to be hiding a time bomb. The business community even finds it difficult to digest the reality, let alone the risk that this bomb, unless properly handled, could explode at any time in early 2001.

It is hard