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Threatened by Bankruptcy

Monday, March 7, 2022

A number of SOEs prepare for the worst-case scenario in dealing with their mounting debts, the burden of government assignments.

arsip tempo : 173221120146.

Waskita Precast concrete factory in Karawang, West Java, August 2016. This factory produces various kinds of precast concrete, including Spun Pile, Box Girder, Concrete Barrier, PC-I Girder, Concrete Rail Way, and Corrugated Concrete Sheep Piles. TEMPO Doc./M. Iqbal Ichsan . tempo : 173221120146.

TRILLIONS of rupiah of public investors’ assets in mutual funds are now locked in Waskita Beton Precast (WSBP). The subsidiary of state-owned construction company Waskita Karya is currently facing a temporary suspension of debt payment obligations (PKPU). The company’s status is at a standstill, not allowed to pay any interest or principal debt to anyone.

Investors were actually already affected by WSBP’s PKPU when the company

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Khairul Anam

Garuda Indonesia SOE PKPU Debt Waskita Karya
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