Attorney General Launches Graft Investigation against Garuda

... in state-owned airline Garuda Indonesia concerning aircraft lease. Burhanuddin said ... aircraft lessors to restructure its debts and reduce debt loads.

Garuda is “Technically Bankrupt”: Official

Jakarta. State-run airline Garuda Indonesia has “technically” gone bankrupt due ... repay nearly all of its debts and it’s likely to ... aircraft lessors to restructure its debts and reduce debt loads, Kartiko ...

Garuda on the Brink of Bankruptcy

... carrier Garuda Indonesia could face bankruptcy amid ballooning debts and financial hardships ... in its attempts to restructure debts. Even if Garuda can stabilize ... in a letter to the Indonesia Stock Exchange the company “continues ...

Police Intensify Crackdowns on Illegal Online Lending Companies

... trapped its customers in unsurmountable debts. When the customers cannot pay ... finding himself unable to pay debts to illegal online lending. The ... control it quickly and appropriately, Indonesia has great potential to become ...

Gov’t Seizes Assets of BLBI Debtor Kaharudin Ongko

... bailout, known as the Bank Indonesia Liquidity Assistance or BLBI. The ... eventually failed to repay the debts.

FlowCares Empowers Borrowers for Better Debt Management

... service portal, dubbed FlowCares. Indonesia is home to one ... Authority (OJK) revealed that Indonesia’s financial literacy index stood ... The first step to managing debts is to understand the terms ... FlowCares strives to be Indonesia’s credible online guide ...

Jokowi Introduces Expansive 2022 Budget Bill, Promises Reform to Overcome Prolonged Pandemic, Uneven Global Recovery

... . Due to depleted wells, Indonesia's oil and gas production ... he would like to see Indonesia's development index improving ... next year. Still, the Indonesia Democratic Party of Struggle (PDI ... programs from other sources than debts. "More creative steps must ...

Garuda Introduces New Commissioners after Two Resignations

Jakarta. State-run airline Garuda Indonesia has announced a new structure ... ease financial burdens in Garuda Indonesia, I have decided to resign ... shouldering trillions of rupiah in debts while continuing to fly certain ...

Peter Sondakh's Gold Miner Seeks to Raise $279m in June IPO

... month to pay back debts and expand its business. ... month. Citigroup Sekuritas Indonesia,Credit Suisse Sekuritas Indonesia, Mandiri Sekuritas, ... trade at Indonesia Stock Exchange (IDX). Archi Indonesia owns 100 ... the largest offerings at Indonesia's bourse this year ...

Super Air Jet Sets Up Wider Post-Pandemic Moat for Rusdi Kirana's Empire

... and flagship-carrier Garuda Indonesia and full-service segment. ... budget airline subsidiary Citilink Indonesia carried 10 million passengers ... smaller airlines like AirAsia Indonesia and Sriwijaya Air, among ... was bogged down with debts, which reached Rp 154 ...