Threatened by Bankruptcy

A number of SOEs prepare for the worst-case scenario in dealing with their mounting debts, the burden of government assignments.

Khairul Anam

March 7, 2022

TRILLIONS of rupiah of public investors’ assets in mutual funds are now locked in Waskita Beton Precast (WSBP). The subsidiary of state-owned construction company Waskita Karya is currently facing a temporary suspension of debt payment obligations (PKPU). The company’s status is at a standstill, not allowed to pay any interest or principal debt to anyone.

Investors were actually already affected by WSBP’s PKPU when the company

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