"Several major textile listed companies, both export and domestic market-oriented, are facing liquidity constraints following their mounting debts that will soon pass due."
Garuda Indonesia is on the verge of bankruptcy. The situation escalated with the postponement of numerous obligations and a clash between the representative commissioners of CT Corp and the Ministry of SOEs. The possible outcome narrows to the PKPU.
Five months running, dozens of companies failed to make bond’s interest and/or principal payments.
Gojek and Tokopedia have reportedly signed a conditional sales and purchase agreement for a merger.
MNC Lido City is just one step away from securing the Special Economic Zone (KEK) status. The KEK National Council has approved that part of its area is qualified.
The payment service business in Indonesia is evolving into a new phase since many global technology giants plan to partner with local banks and fintech companies.
The mergers and acquisitions will be increasingly common in the future following capital pressures, competitions, and regulatory changes.
The government put SOEs rescue among top priority amid the Covid-19 pandemic, planning to disburse a total of Rp 152.75 trillion in liquidity for 12 SOEs.
The government will open data on oil and gas to potential investors, as stated in the Minister of Energy and Mineral Resources Regulation No. 7/2019 on the management and utilization of oil and gas data.