Is it Really a Bailout?

According to Coordinating Minister for the Economy Rizal Ramli, the proactive measures toward Texmaco, Tirtamas and Chandra Asri should not be considered a bailout by the government. The debts of the companies concerned will be restructured in a scheme that will include the formation of new holding companies majority owned by the government. Rizal explained that if measures were not taken now, the burden to the state would only increase. He point...