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Light at the End of the Tunnel?

Tuesday, June 3, 2003

The APP debt restructuring agreement is to be signed this week. Does this mean another chance for the Widjaya family to avoid debts that are already locked in?

arsip tempo : 173223860468.

. tempo : 173223860468.

RECENTLY, it has seemed as if Syafruddin Temenggung, head of the Indonesian Bank Restructuring Agency (IBRA), has really been fighting against time. He has had to work overtime in order to meet the settlement deadline for the restructuring of the literal mountain of debt owed by Asia Pulp & Paper (APP). And now Syafruddin has already begun to smile once more. As long as there are no more problems, the final agreement will be signed this w

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