And What of Salim’s Debt?
According to an internal report released by IBRA, the potential losses to the state courtesy of the Salim Group are not Rp30 trillion as previously thought, but Rp79 trillion. If a release is granted, Salim’s unpaid debt will only further burden Indonesia’s struggling economy.
December 24, 2002
Dradjad Wibowo and Lukita D. Tuwo met last Friday morning in the penthouse of the World Trade Center building in Jakarta. After exchanging greetings, the economist and the politician—Secretary of the Financial Sector Policy Committee— quickly got down to business. According to TEMPO correspondents present at the meeting, the two men held differing views on the issue of conglomerate debt resolution. The economist insisted that the ...