The Commission VI of Parliament (Lower House Representatives/DPR) on Wednesday (July 15) approved the mandatory convertible bond (MCB) scheme worth Rp8.5 trillion proposed by flag carrier Garuda Indonesia (GIAA) and Rp3 trillion MCB proposed by state steel producer Krakatau Steel (KRAS). DPR also approved the proposed capital injection of state railway operator Kereta Api Indonesia (Rp3.5 trillion), state plantation firm PTPN (4 trillion), and state housing developer Perum Perumnas (Rp650 billion).
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