{
    "success": true,
    "data": {
        "id": 1110153,
        "msgid": "ibra-raises-116b-in-cash-1447893297",
        "date": "2001-08-01 00:00:00",
        "title": "IBRA raises $1.16b in cash",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "IBRA raises $1.16b in cash JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has raised about Rp 11.25 trillion (US$1.16 billion) in the first half of 2001, compared to its full-year target of Rp 27 trillion. IBRA chairman I Putu Gede Ary Suta said in a media statement that the cash was raised from the sale of the agency's ownership in 11 companies and recovery of bank non-performing loans (NPLs) which were transferred to IBRA.",
        "content": "<p>IBRA raises $1.16b in cash<\/p>\n<p>JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA)<br>\nhas raised about Rp 11.25 trillion (US$1.16 billion) in the first<br>\nhalf of 2001, compared to its full-year target of Rp 27 trillion.<\/p>\n<p>IBRA chairman I Putu Gede Ary Suta said in a media statement<br>\nthat the cash was raised from the sale of the agency's ownership<br>\nin 11 companies and recovery of bank non-performing loans (NPLs)<br>\nwhich were transferred to IBRA.<\/p>\n<p>Ary Suta said the agency would continue to sell its assets to<br>\nraise cash to help plug the state budget deficit.<\/p>\n<p>IBRA, a unit under the finance ministry, was formed in 1998.<br>\nThe agency has received some Rp 540 trillion worth of assets from<br>\nthe troubled banking sector and former bank owners. IBRA has a<br>\nmandate to restructure the assets and sell them to the market to<br>\nraise cash.<\/p>\n<p>The agency has been criticized, including by the International<br>\nMonetary Fund, for its sluggishness in its asset disposal<br>\nprogram. (rei)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ibra-raises-116b-in-cash-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}