New Taipan, Old Money?
Tuesday, April 17, 2001
Bhakti Investama has made a series of acquisitions while other companies are gasping for breath and wrestling with debt. Is Bhakti a new conglomerate or just an extension of the Salim Group?
arsip tempo : 178039799287.
LIKE a business battlefield, the Indonesian landscape is littered with the ‘corpses’ of bankrupt or dying companies. The harbinger of death began appearing toward the end of 1997, when the economic crisis first attacked Indonesia. Dozens of banks have been forced to close their doors and many others have become bogged down with non-performing loans running into trillions of rupiah. Of course, there are still many companies that have b
...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
