A Suspenseful Last Quarter
Tuesday, October 25, 2016
Shrewdness is what Umar Vaturusi needs when looking for business capital. Although coal prices have gradually turned normal, the president director of Buana Rizki Armia, a coal-mining company, admitted having trouble getting a Rp14 billion loan. Banks, he lamented, were reluctant to issue credits. "Perhaps they are cautious because they are already grappling with soaring bad loans," Uman told Tempo two weeks ago.
The price of mining commodities, particularly coal, has been on a nose-dive since mid-2014. Coal prices for overseas markets as per last June was barely half the price in June 2012. They later improved a little, albeit insignificantly. Consequently, many coal companies collapsed.
arsip tempo : 178037840237.
Shrewdness is what Umar Vaturusi needs when looking for business capital. Although coal prices have gradually turned normal, the president director of Buana Rizki Armia, a coal-mining company, admitted having trouble getting a Rp14 billion loan. Banks, he lamented, were reluctant to issue credits. "Perhaps they are cautious because they are already grappling with soaring bad loans," Uman told Tempo two weeks ago.
The price of mining commodities, p
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