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IBRA

New Boss for Texmaco?

Tuesday, September 16, 2003

This week IBRA will decide the fate of Texmaco. Will Mirzan Mahathir get involved in the company?

. tempo : 178040049677.

THIS is going to be a difficult week for Texmaco. Next Friday is the deadline for the group owned by Marimutu Sinivasan to repay loan interest totaling Rp139 billion to the Indonesian Bank Restructuring Agency (IBRA). This was actually due on August 18 but IBRA extended the repayment deadline until September 19.

Texmaco's debt has a long history. The company had enjoyed loans from government banks during the New Order regime. After the economi

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