VIVAnews - Bank Indonesia is convinced that private due date amounting to US$22.6 billion can be settled. Compared to other countries, debts in Indonesia are mostly owned by foreign private or joint venture companies.
"Therefore, it is more flexible," said Governor of Bank Indonesia, Hartadi A Sarwono, on Friday, March 20.
He claimed that debt repayment of Korean, Mexican and South American private companies deals with more obstacles because they have less affiliated companies compared to Indonesia.
As reported, total debts of private companies which fall due in 2009 reach US$22.6 billion. The sum includes short-term debts valuing US$17.4 billion and trade financing estimation amounting to US$5.2 billion. 31 percent of the US$17.4 billion are owned by holding companies and affiliations. This has resulted in higher roll-over. Meanwhile, 57 percent of the debts owned by foreign and joint venture companies.
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Translated by: Bonardo Maulana Wahono