At least we can breathe now
Krakatau Steel CEO Silmy Karim/ Antara/Asep Fathulrahman
IN one year and four months, Krakatau Steel pushed to restructure debts that have been weighing the company’s finances down. The state-owned enterprise (SOE) now prepares for follow-up corporate actions.
The company CEO Silmy Karim looked happier. A debt of some US$2 billion—roughly Rp30 trillion—in Krakatau Steel’s (IDX: KRAS) ledger, is slowly—but surely being paid. The company, which he has been leading...