New Boss for Texmaco?

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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