The process of Suspension of Debts Payment (PKPU) for PT Trikomsel Oke Tbk (TRIO) is still ongoing. In mid-April 2016, not long after four directors of TRIO resigned, the panel of judges of the Commercial Court of the¬†Central Jakarta District Court approved an extension of TRIO’s PKPU for 60 days (until June 2016). TRIO is reportedly set to sell its entire ownership of¬†one of its subsidiaries: PT Global Teleshop Tbk (GLOB).To subscribe please click here