SINGAPORE: Singapore is starting to discover that being a financial centre can sometimes leave you conflicted. The Widjaja family, among Indonesia’s wealthiest, is the one delivering the message.
The Widjajas are seeking approval in the island nation’s courts for a restructuring of coal miner PT Berau Coal Energy that will impose heavy losses on bondholders.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
