Eka Tjipta Widjaja's Sinarmas empire was pummelled by a US$14 billion default by its Asia Pulp & Paper business. Photo: Bloomberg

US$14b default forgotten as Indonesia billionaire Widjaja sells debt

Foreign investors show confidence in companies backed by billionaire Eka Tjipta Widjaja despite involvement in Asia's worst corporate default

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Eka Tjipta Widjaja's Sinarmas empire was pummelled by a US$14 billion default by its Asia Pulp & Paper business. Photo: Bloomberg
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