Jakarta – The Financial Services Authority (OJK) has revoked the business license of PT Investree Radika Jaya (Investree). This license was revoked because the online loan platform company (pinjol) violated the provisions which led to the case of payment failure. This revocation was decided through OJK Board of Commissioners Order No. KEP-53/D.06/2024 dated 21 October … Read more
Jakarta – PT Waskita Karya (Persero) Tbk received another court summons for a bankruptcy lawsuit, aka postponement of debt payment obligations (PKPU), which came from five creditors. This letter was received by the Company on August 28, 2023. As quoted from the IDX’s Disclosure of Information, Friday (1/9/2023), these five creditors submitted PKPU applications in … Read more
Jakarta, CNBC Indonesia – PT Waskita Karya (Persero) Tbk (WSKT) has received a lawsuit from one of the vendors of CV Bandar Agung Abadi regarding the earthworks on the Kayu Agung – Palembang – Betung Toll Road II Section I project package. Citing the company’s statement, Chief Executive Officer Destiawan Soewardjono said the lawsuit for … Read more
Jakarta, CNNI Indonesia — 1,225 former airline employees Merpati Airlines will obtain proceeds from the sale of assets worth IDR 54.8 billion. This follows the decision of the Panel of Commercial Court Judges in the Surabaya District Court declaring the bankruptcy of PT Merpati Nusantara Airlines on June 2, 2022. PT Perusahaan Pengelola Aset (PPA) … Read more
Jakarta – PT Sriwijaya Air was officially in a state of temporary suspension of debt payment obligations (PKPU). This is stated in one of the commercial court decisions at the Central Jakarta Commercial Court. The interim decision on the PKPU is contained in the decision letter number 247 / Pdt.Sus-PKPU / 2022 / PN.Niaga.Jkt.Pst of … Read more
TEMPO.CO, Jakarta – President Joko Widodo or Jokowi formally authorized the injection of point out money in the sort of a participation in the point out money (PMN) of 7.5 trillion IDR for each PT Garuda Indonesia (They dropped) Tbk. This cash injection was accredited by Jokowi after the condition airline managed to evade the … Read more
Jakarta – PT Kobe Boga Utama was sued for the Suspension of Debt Payment Obligations (PKPU) at the Central Jakarta Commercial District Court. Noted as the party that sued the producer of BonCabe is PT Sampurna Sistem Indonesia. The PKPU lawsuit was registered on July 29, 2022 with case number: 194/Pdt.Sus-PKPU/2022/PN Niaga Jkt.Pst. “Received and … Read more
Jakarta – Garuda Indonesia’s Debt Payment Obligation Suspension Process (PKPU) is almost complete. Finally, the proposal for the settlement of Garuda Indonesia’s debt was successfully approved by the majority of creditors through a voting process. Garuda is just waiting for a court decision regarding its homologation status tomorrow, Monday 20 June 2022. Garuda Indonesia President … Read more
Jakarta – PT Garuda Indonesia (Persero) Tbk is currently undergoing the process of postponing its debt payment obligations (PKPU). Garuda Indonesia President Director Irfan Setiaputra hopes that the debt settlement process through the PKPU scheme can be completed quickly, so that it can focus on pursuing Garuda’s business expansion. Irfan is also confident that the … Read more
Jakarta, CNBC Indonesia – Homeland textile giants threatened delisting or removed from the stock exchange trading board, PT Sri Rejeki Isman Tbk (SRIL) alias Sritex, reported a net loss of up to US$ 1.08 billion or equivalent to Rp. 15.66 trillion rupiah (assuming an exchange rate of Rp. 14,500/US$) throughout 2021. . The loss figure … Read more