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At least we can breathe now

Tuesday, February 4, 2020

Krakatau Steel CEO Silmy Karim/ Antara/Asep Fathulrahman

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IN one year and four months, Krakatau Steel pushed to restructure debts that have been weighing the company’s finances down. The state-owned enterprise (SOE) now prepares for follow-up corporate actions.

The company CEO Silmy Karim looked happier. A debt of some US$2 billion—roughly Rp30 trillion—in Krakatau Steel’s (IDX: KRAS) ledger, is slowly—but surely being paid. The company, which he has been leading

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