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 750.000/12 months

• *Flexible payment methods
• *Unlimited access to Tempo Plus & Tempo Magz

Subscribe

Rp 386.280/6 months

• *Auto-renews every 6 months
• *Cancel at anytime
• *Unlimited access to Tempo Plus & Tempo Magz

Subscribe

See Other Packages

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