Awaiting a Savior
Astra International is technically bankrupt. What steps can be taken to save this automotive company?
July 9, 2002
IT seems that debt, for Astra International, is a vicious circle. Three years ago, it looked as if Indonesia's largest automotive company had succeeded in getting out of this circle. Debts could be settled through the rescheduling of payments. The truth is that the company once again faces problems, as it did in the past. The situation is even worse than before. According to one analyst, Astra is in fact technically bankrupt because there is n
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