TPPI Debt restructuring Extended

It's the longest debt restructuring in Indonesia. For over 10 years the debt settlement process of PT Trans-Pacific Petrochemical Indotama (TPPI) is still going on.

The government has again extended the deadline for repaying a Rp1 trillion debt out of total debts worth Rp9.9 trillion until next month. "The extension was due to several issues, matters yet to be settled," said Coordinating Minister for the Economy, Hatta Rajasa, last week. But Hatta de

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