Asia Sentinel

Asia Sentinel

Indonesian Giant Lippo May Face Debt Crisis

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Asia Sentinel
Jun 12, 2018
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The developer of the Meikarta megaproject owned by the Indonesian conglomerate Lippo Group faces a lawsuit over arrears of tens of billions of rupiah in advertising costs, raising concerns over the sprawling group’s overall viability and concurrent fears that if a corporate entity like Lippo were to capsize, it could have a knock-on effect on an already…

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