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Cash Crisis at SOEs

Monday, September 26, 2022

The working capital of state-owned construction companies is running short because of debt repayments. They are trapped in infrastructure projects.

 

 

arsip tempo : 173054308474.

Cash Crisis at SOEs. tempo : 173054308474.

THE huge debt burdens of a number of state-owned enterprises (SOEs) in the construction sector are the result of the government wrongly forcing them to manage infrastructure projects that are not appropriate in a business sense. Their mounting debts continue to erode their working capital to the extent that they are having problems operating. Meanwhile, most of these SOEs still have to complete ambitious government projects.

One SOE wi

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