Corporation
A Kick in the Assets

THE history of three years ago is repeating. Due to plunging share prices caused by the global financial crisis, the Bakrie Group must bend over backwards looking for bridging funds to cover its debts to creditors. Bakrie Group's outstanding loans total US$1.34 billion (approximately Rp12 trillion). The conglomerate is in danger of losing its valuable assets if it cannot settle its enormous debts. "We're negotiating with creditors. By the end of thi

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