There are at least four companies that will compete to be the strategic partner of ailing flag carrier PT Garuda Indonesia Airways. They are Texas Pacific Group (TPG)/Newbridge, Lufthansa, Air Canada and one name I don’t...
Read MorePatrick Walujo of PT Northstar Pacific Partners (Indonesian division of Texas Pacific Group) signed a Letter of Intent and Exclusivity in the last week of December 2006 to purchase a 76% stake of PT Bank Tabungan Pensiunan...
Read MorePT Bank Mandiri Tbk is getting tougher on PT Kiani Kertas (PT KK) regarding the payment of USD220 million bad loan. Mandiri sent warning letter to the pulp producer, “so we don’t have to take tougher action,”...
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