Too High of a Risk
Monday, March 7, 2022
A number of construction state-owned enterprises find themselves with huge debts as a result of ambitious government projects. The financial burdens must not be made worse with the injection of new capital.
arsip tempo : 173222770599.
THE mountain of debt incurred by state-owned enterprises (SOEs) in the construction sector is a negative outcome of the government’s lighthouse projects. This poor state of affairs is a consequence of state-owned companies managing projects that are not fit and proper in a business sense. Instead of being able to attract partners, they have to seek loans left and right in order to fund the government’s ambitious project
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