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Distressed Firm Sritex Is Said to Pause Dollar Loan Payments

Distressed Firm Sritex Is Said to Pause Dollar Loan Payments Bloomberg 2 hrs ago Tassia Sipahutar (Bloomberg) Indonesia’s biggest listed clothing company has paused payments on a dollar loan as it prepares a debt restructuring proposal, a person familiar with the matter said. PT Sri Rejeki Isman, known as Sritex, intends to maintain the pause until it submits the restructuring plan to lenders which it expects to do by the week starting Aug. 9, the person said, asking not to be identified because the details are private. © Bloomberg Indonesia Sees Jump In Orders As U.S. Fashion Giants Exit China

Lasso Leads in Ecuador Election With 86% of Votes Counted

(Bloomberg) Career banker Guillermo Lasso had a lead of nearly six percentage points over socialist economist Andres Arauz with most of the votes counted in Ecuador’s presidential election. Lasso had 52.8% of votes, while Arauz had to 47.2%, with 86% of ballots tallied. Lasso’s supporters honked car horns in the capital Quito, and jumped and cheered in the coastal city of Guayaquil. The atmosphere at Arauz’s campaign headquarters was subdued..

Banker Lasso Leads Socialist Arauz in Partial Ecuador Vote Tally

(Bloomberg) Career banker Guillermo Lasso had a lead of nearly six percentage points over socialist economist Andres Arauz with most of the votes counted in Ecuador’s presidential election. Lasso had 52.8% of votes, while Arauz had to 47.2%, with 86% of ballots tallied. Lasso’s supporters honked car horns in the capital Quito, and jumped and cheered in the coastal city of Guayaquil. The atmosphere at Arauz’s campaign headquarters was subdued..

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