Slow Capital, Low Guarantee
Monday, September 26, 2022
Waskita Karya finds it difficult to raise working capital after restructuring its debts. It is difficult to get bank guarantees for large infrastructure projects.
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THE debt restructuring process of Waskita Karya was completed at the end of last year. After escaping the threat of bankruptcy, the performance of this construction state-owned enterprise (SOE) should have begun to improve. But in reality, being relieved of its liabilities has not made Waskita Karya able to fully work on government infrastructure projects. “There are still differences in perception between us and creditors,” Wask
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