Bahana: NEARLY There...

At long last, Bahana's debt restructuring at IBRA has finally been settled. But it was nearly sabotaged by Bahana's loan assets being put up for auction. Who was behind this?

October 29, 2002

APPARENTLY, the long, drawn-out process that PT Bahana Pembinaan Usaha Indonesia (BPUI) has had to go through to settle its debt restructuring at the Indonesian Bank Restructuring Agency (IBRA) has not been in vain. On Friday night last week, IBRA—the institution that has been tasked with reviving Indonesia's banking sector—agreed to Bahana's debt restructuring scheme, which has been under debate over the last three months and cost R

...

More Articles