Jakarta, CNBC Indonesia – State-owned steel producer PT Krakatau Steel Tbk (KRAS) has completed the payment of Tranche B’s debt of Rp 2.7 trillion. With the settlement of these debt obligations, Krakatau Steel was able to complete the Working Capital Bridging Loan (WCBL) facility of US$ 200 million to three state-owned banks, namely PT Bank … Read more
Jakarta, CNBC Indonesia – The state-owned steel producer, PT Krakatau Steel (Persero) Tbk (KRAS), recorded a profit of Rp 1.06 trillion for the period of November 2021. In the same period, the company posted revenue of Rp. 30 trillion, an increase of 66.8% compared to revenue in the same period in 2020. Krakatau Steel’s Finance … Read more
Jakarta, CNN Indonesia — Minister BUMN Eric Thohir mention PT Krakatau Steel (Persero) Tbk could go bankrupt (default) this December if three restructuring efforts fail. He stated that in a Working Meeting with Commission VI DPR RI last Thursday (2/12). Erick said the issuer with the code KRAS will go bankrupt on December 31, 2021 … Read more
Jakarta – Minister of SOEs Eric Thohir revealed the possibility that PT Krakatau Steel (Persero) Tbk could go bankrupt this December. Erick Thohir is now being challenged with a Rp 1 billion bet related to this statement. It was the Commissioner of Krakatau Sarana Infrastruktur (KSI), Roy Maningkas, who asked Erick Thohir to bet Rp … Read more
Jakarta, CNBC Indonesia – The issue of bankruptcy at the state-owned steel producer, PT Krakatau Steel Tbk (KRAS) has surfaced recently. This statement is not arbitrary, but from SOE Minister Erick Thohir during a meeting with Commission VI of the House of Representatives (DPR). Krakatau Sarana Infrastruktur (KSI) Commissioner Roy Maningkas believes that PT Krakatau … Read more
Jakarta – PT Krakatau Steel (Persero) Tbk revealed that it will sell the shares of Subholding Krakatau Sarana Infrastruktur (KSI). This was done to pay off debts that matured this December. Krakatau Steel’s Finance Director Tardi said the proceeds from the sale of KSI’s shares were made to fulfill the obligation to pay a working … Read more
Jakarta, CNBC Indonesia – Minister of State-Owned Enterprises (BUMN) Erick Thohir said there is a possibility that the state-owned steel company PT Krakatau Steel (Persero) Tbk could default or go bankrupt this December. Therefore, a number of restructuring steps are needed. There are 3 restructuring steps carried out for Krakatau Steel. If these three steps … Read more
Jakarta – Minister of State-Owned Enterprises (BUMN) Eric Thohir revealed the possibility of PT Krakatau Steel (Persero) Tbk this December could go bankrupt. This can happen if a number of restructuring measures fail to be carried out. “For Krakatau Steel, there are indeed three steps, problemHis third step is stuck. There are two restructurings that … Read more
Jakarta – President Director of PT Krakatau Steel Silmy Karim finally brought the company into profit. Whereas previously this state-owned steel company recorded losses of up to hundreds of billions. Silmy Karim was asked to lead Krakatau Steel in 2018. At that time he did not know if the debt of this company was more … Read more
Jakarta – It only took Silmy Karim two years to turn PT Krakatau Steel (KS) from a company with a minus cash flow and then record hundreds of billions of profits. When first asked by SOE Minister Rini Soemarno to lead KS in November 2018, she admitted that she did not know that her debt … Read more