debt restructuring
Private and state-owned companies are in a race to restructure their debts due to the waning economy. The government anticipates limited liquidity in financial institutions.
Khairul Anam
May 19, 2020
ANTICIPATING brighter times for his family business, Kurnia Lesani Adnan was confronted with a fateful letter from a credit institution. Lesani, second-generation owner of autobus company SAN Putra Sejahtera (SAN Group), is one out of the 3.8 million debtors that was drawn to the debt relief scheme from the Financial Services Authority (OJK) Regulation No. 11/2020. In place since March 16, this credit restructuration stimulus and financing is
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