Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Garuda Gets a Rp. 1 Trillion Cash Injection
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Garuda Gets a Rp. 1 Trillion Cash Injection

Much Needed Cash Relief for Garuda and Merpati as Airlines Struggle to Streamline and Restructure their Massive Debt Burdens.


(8/21/2006)

The Indonesian language Bisnis Indonesia reports that the government has come to the rescue and agreed to cash injections of Rp. 1 trillion (approximately US108.7 million ) for Garuda Indonesia and a Rp. 450 billion (approximately US$ 48.9 million for Merpati Nusantara, to be taken from the 2006 national budget.

"We hope that with these injections Garuda can regain its financial health," expressed Said Didu, Secretary to the Minister of State Owned Enterprises.

Said explained that the cash injection was not tied to current efforts to restructure the US$794.6 million debt owed to the Export Credit Agency. "This cash injection will be supervised closely," added Said, "so there will be no repeated call for more injections."

The Director of Garuda Indonesia, Emirsyah Satar, confirmed that steps are now underway to bring efficiencies to the airlines operation – estimated to reduce costs by 5%-10% in the early stages while other steps to rationalize Garuda’s management and general payroll. The airline will also sell its subsidiary companies, seek strategic partnerships and eventually go public.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Open Skies in ASEAN
ASEAN Expert Links Tourism Growth to Air Access and Flight Frequency
(8/26/2016)
1.5 Years Less Time Served
Lighter than Expected Prison Terms Sought for Australian Man Caught Living in Bali on a Borrowed Passport
(8/26/2016)
Sara’s Turns to Talk
Sara Turner Turns Coat on DJ Boyfriends, Describing Herself as Hapless Bystander in Death of Bali Police Office
(8/26/2016)
Taylor Made Confession
UK DJ Details Events Leading to the Death of a Balinese Policeman on Bali’s Kuta Beach
(8/26/2016)
Expat Home Industry
Long-term German Expat in Bali Arrested with Methamphetamine Factory at his Home
(8/26/2016)
Tensions Rising in Benoa Bay Protests
30,000 March on Bali House of Representatives. Kuta Traffic Halted by Road Closure and Tire Burning
(8/25/2016)
Time to Stand Together
Generosity.com Fund Established for Family of Police Sub-Inspector Wayan Sudarsa Killed on Kuta Beach on Wednesday, August 17, 2017
(8/21/2016)
A Day Dedicated to the Endangered
Bali Safari and Marine Park Salutes International Orangutan Day and International Elephant Day
(8/22/2016)
Bangkok Near the Bali Bypass
Too Good Not to Share: DD Warung in Sanur – Home of Authentic Thai Cuisine
(8/21/2016)
Setting Things Right Again with the Cosmos
Legian Village Community Perform Ritual Cleansing of Murder Scene Where Bali Policeman Died
(8/21/2016)
Suspected of Murder
David Taylor and Sarah Connor Now Formally Named as Suspects in Murder of a Bali Policeman
(8/21/2016)
Costly Coffin Nail
Indonesia Considers Increasing Price of Cigarettes to Rp. 50,000 a Pack
(8/21/2016)
All [News]!