BUSINESSWEEK ONLINE : JULY 5, 1999 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS

Malaysia's Debt Workout


THE PROBLEM
Up to 25% of all bank loans are in trouble, limiting banks' ability to lend

THE SOLUTION
Three new government agencies that broker debt deals or buy debt at steep discounts from banks to facilitate workouts

THE ISSUE
Malaysia's agencies are tackling the bad debt, but managers of the heavily indebted companies or their controlling shareholders often stay in place



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RELATED ITEMS
Take a Good Close Look at This Malaysian Cleanup (int'l edition)

TABLE: Malaysia's Debt Workout



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