Road to Safety
The likelihood that Astra International will default on its loans is looming large. Is there a way out?
June 5, 2001
Indonesia's automotive giant is beginning to reel. In the last four months, the sales volume of Astra International in its automotive division has been on the decline. Of late, the capital market, unlike last year, has been unfavorable. Automotive industry circles have estimated that only some 250,000 automobiles will be sold this year, down about 17 percent on last year's figure. And the automobile market will worsen if the exchange rate stays at ...