ILUSTRASI. Marina Bukit Pramuka Beach in Labuan Bajo, East Nusa Tenggara which is owned by PT Brantas Abipraya, a BUMN (State Owned Enterprise) company in the construction sector.
Reporter: Filemon Agung, Herry Prasetyo, Ridwan Nanda Mulyana, Titis Nurdiana, Yuliana Hema | Editor: Syamsul Azhar
KONTAN.CO.ID - JAKARTA. State-owned construction companies in Indonesia are making continuous efforts to improve their performance amidst massive debt burdens. One of the strategies they employ is debt restructuring.
Take PT Wijaya Karya Tbk (WIKA) as an example. The state-owned company has applied for debt payment deferment to several creditors. According to the financial report as of March 31, 2023, WIKA has a debt of IDR 12.64 trillion to third parties.
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