PTPN’s missed payment raises fears about Indonesia support

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PTPN’s missed payment raises fears about Indonesia support

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JAKARTA - Indonesia. March 12, 2018: Aerial photo of iconic BNI 46 Tower with located in South Jakarta Central Business District, | Creativa Images - stock.adobe.com

An Indonesian palm oil company has become the latest to fall victim to rising worries among loans bankers about government support. The company missed a payment last week, after bankers rejected an earlier covenant waiver request. Pan Yue reports.

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