From the Sublime to the Ridiculous

AS a textile businessman Texmaco Group founder Marimutu Sinivasan had a caliber that placed him at the top of the ladder. However, recent history placed him mostly as the top debtor at the Indonesian Bank Restructuring Agency.

IBRA does not exist anymore. Texmaco's problems still abound. Its mountainous debts, albeit restructured, have not found a buyer. Its fate has not been decided by the government. The police are also beginning an i

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.