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Indonesia’s New Worry Is Its Debt-Saddled State-Owned Businesses

  • Virus is an added challenge for sector with soaring debt load
  • President has made reform of SOE sector a focus of second term
A near-empty road runs through the central business district in Jakarta, April 1.

A near-empty road runs through the central business district in Jakarta, April 1.

Photographer: Dimas Ardian/Bloomberg

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The coronavirus crisis is creating a new threat for Indonesia’s debt-laden state-owned businesses.