#bankruptcy

Collection of bankruptcy news, found 110 news.

SOEs Ministry devises five-tier rescue plan for Garuda Indonesia

The State-Owned Enterprises Ministry has said it is devising a rescue plan involving corporate business transformation ...

Garuda charter aircraft to improve efficacy of official visits

The presidential secretariat office confirmed that time and budget efficiency were main considerations prior to ...

Pelita Air must consolidate by serving pioneer flights: expert

Charter airline Pelita Air Service (PAS) must expand its scheduled flight service to remote destinations to improve air ...

Stakeholders urged to help salvage Garuda Indonesia from bankruptcy

A lawmaker made an earnest request to stakeholders to rescue Garuda Indonesia from the threat of bankruptcy. It is ...

IIF bestows award on Indonesian Finance Minister Sri Mulyani

The Institute of International Finance (IIF) bestowed the Distinguished Leadership and Service Award on Finance ...

Traditional fabric can help economy weave success

Indonesia is blessed with rich cultural diversity, whether in the form of archeological sites or highly valued crafts, ...

Provide varied stimulus to prevent work termination: Economist

The government should offer an array of adequate stimulus to prevent work termination from corporations, according to ...

Indonesia's economy to grow 2-3% in Q2: economist

The Indonesian economy will grow just 2-4 percent in the second quarter of 2021 owing to the recent spike in COVID-19 ...

WB approves US$400-million to facilitate Indonesia's financial reform

The World Bank's (WB’s) Board of Executive Directors approved funding of US$400 million, or Rp5.6 trillion, ...

News Feature

Keeping the Sumatran coffee business fragrant amid COVID-19 pandemic

"There is coffee, there is a story, there is no coffee, there is no need to tell a lot. Come on, let us have a ...

Aviation industry needs incentives to recover: INACA

Indonesia’s aviation industry, which has been hit hard by the COVID-19 pandemic, will need government incentives ...

Job creation law ensures severance pay for laid-off workers: CORE

Law No. 11 of 2020 on job creation will guarantee that laid-off workers receive their severance pay, according to the ...

Group Lease Public Company Limited seeks 9,130 million Baht in damages from J Trust and directors in Thailand

Wedge Holding Company Limited ("Wedge Holding") announces that its consolidated subsidiary, Group Lease PCL ("GL"), ...

Finance Ministry underscores three focuses to address COVID-19 impacts

Director General of Financing and Risk Management of the Finance Ministry Luky Alfriman drew special attention to the ...

COVID-19 threatens to push aviation industry into bankruptcy: minister

Minister of Transportation Budi Karya Sumadi has said the COVID-19 pandemic is threatening to push the aviation ...