Weekly Business

Sukanto Agrees Mandiris Proposition

BANK Mandiris efforts are bearing fruit. The Raja Garuda Mas (RGM) Group, which is owned by Sukanto Tanoto, the number one Indonesian tycoon according to Forbes magazine, has eventually agreed to increase its debt repayment installments. This promise is contained in a principal change agreement that restates the total amount of debt owed and which was signed by RGM together with several of its creditors on Octob

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