Weekly Business

Danareksa Teeters on the Edge

Once again, PT Danareksa is threatened with bank-ruptcy. The government-owned financial institution failed to repay a loan of US$176 million (Rp1.6 trillion) that fell due last January. This is Danareksas old debt with several foreign banks, that ought to have been repaid two years ago. Fortunately, the creditors were then prepared to extend the repayment period to 2002.

Now, though, the fate of this business, which ra

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