Life after the crisis: Asia moves on
Korea: Hanwha Chemical Corporation
Indonesia: Astra International
Thailand: Total Access Communications
Sampoerna, Indonesia’s second-largest cigarette producer, was hit hard when the Indonesian rupiah crashed as almost all of its debt was foreign. But its canny survival plan – it has already rescheduled or repurchased roughly half of its overall debt – has been astonishingly successful.
And it is one of the few companies with entirely domestic sales and entirely foreign debt to emerge from the crisis without having to declare a default.
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