Entering the third year of COVID-19, the economic situation in several industries has begun to improve, but some are still struggling. One of the parties is Franky Tjahyadikarta, the force behind some of Indonesia’s most luxurious travel stays. Franky has faced too many lawsuits in recent years. His companies and business partners also face the same problems. After holding on for so long, towards the end of 2021, Franky finally decided to apply for debt restructuring on his own behalf. Now the process of Suspension of Debt Payment (PKPU) is still ongoing with the bill value reportedly reaching nearly Rp3 trillion.
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