PPAK

AcronymDefinition
PPAKPendidikan Profesi Akuntansi (Indonesia)
PPAKProgram Penjualan Aset Kredit (Indonesian: Credit Asset Sales Program)
References in periodicals archive ?
OBRA has indeed set regulations on PPAK that all investors are required to sign letter of no conflict of interest, stating that the investors have no affiliations with the debtors as technically the investors would be the one to direct restructuring program for the debt of the obligors.
It is also possible that the old owners buy their assets from IBRA, but the realtors association (REI) has said property debtors will not buy credit assets from IBRA through the PPAK program as most of the debtors are facing financial problem.
Clearly big obligors among the developers are greatly favored by the PPAK program.