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APP

A Ray of Light at Aetna

Tuesday, April 15, 2003

Negotiations on APP's restructuring are making progress. But there are still technical issues.

arsip tempo : 173227520756.

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After midnight, the Aetna Building in the Sudirman area, Jakarta, is usually quiet. But in a room on the 24th floor of the Indonesian Bank Restructuring Agency (IBRA) offices, the lights were on all night. A meeting that started last Wednesday afternoon did not end until the next day at dawn, at around 3:30am.

The discussion was over a tough and complex issue: restructuring the debts incurred by Asia Pulp & Paper (APP) that amount to U

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