Harry Suhartono

The Indonesian government aims to finalize a loan restructuring agreement between the nation’s biggest steelmaker PT Krakatau Steel and its lenders next month, according to people familiar with the matter.

(Bloomberg) -- The Indonesian government aims to finalize a loan restructuring agreement between the nation's biggest steelmaker PT Krakatau Steel and its lenders next month, according to people familiar with the matter.

Harry Suhartono 3 min read In This Article (Bloomberg) -- Indonesian steelmaker PT Krakatau Steel's attempt to restructure $1.5

S&P Global Ratings predicts an increase in foreign-currency debt defaults among sovereign issuers over the next decade, driven by significantly higher debt levels and increased borrowing costs on hard currency obligations.

Indonesia’s major clothes maker PT Pan Brothers is circulating a restructuring plan to creditors for the first time since missing a debt payment earlier this year, according to a person familiar with the matter.

Days after taking charge of Southeast Asia’s biggest economy, Indonesia’s president needs a plan to deal with rising borrowing costs for key state-owned enterprises carrying $186 billion of debt.

Pinnacle US Holdings successfully bid for gym chain Blink Fitness’ assets for $121 million following an auction on Monday, according to a court filing late Wednesday.

CarePoint Health, a long-troubled New Jersey hospital chain, has filed for bankruptcy on Sunday.

Indonesia is considering switching the chief executive officer at the Garuda Indonesia airline, part of the new government’s push to advance the carrier’s profitability and support its expansion, according to people familiar with the matter.

Sritex is challenging a bankruptcy order with 50,000 jobs on the line, Pan Brothers is in talks with creditors.