51. The weakness of the rupiah makes it far more difficult for Indonesian companies to pay back the loans. 52. The two Indonesian companies are likely to divide part of their equity with partners that have yet to be announced, Bre-X said. 53. U.S. investors already snapped up stocks and bonds sold by Indonesian companies. 54. Unemployment is also on the increase as more Indonesian companies teeter on the brink of bankruptcy. 55. Unlike other Indonesian companies, Asia Pulp and Paper has actually benefited from the devaluation of the Indonesian currency. 56. While almost all Indonesian companies are vulnerable to political turmoil, the Suharto-related stocks have taken the biggest hits. 57. While Radius urged the creation of a group to re-negotiate and reschedule some loans, he warned that some Indonesian companies would be forced into bankruptcy. 58. With lower ratings, Indonesian companies such as Bank Rakyat Indonesia, may find themselves struggling to raise funds when domestic interest rates have surged. 59. Perhaps in some years a Currency Board System could work if the loan currency of Indonesian companies would be in majority in rupiah rather than in U.S. dollars. 60. A government official, meanwhile, said many cash-strapped Indonesian companies are unable to repay their foreign debt and are seeking a delay in repayment deadlines. |