TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsEconomy in brief: Hilmi Panigoro returns as Medco president
Businessman Hilmi Panigoro has been reappointed as the president director of oil and gas company PT Medco Energi Internasional after handing over the position to Lukman Mahfoedz in 2008
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
B
usinessman Hilmi Panigoro has been reappointed as the president director of oil and gas company PT Medco Energi Internasional after handing over the position to Lukman Mahfoedz in 2008.
Medco's extraordinary general meeting of shareholders on Wednesday approved the appointment of Hilmi, who previously served as the firm's president commissioner. To replace Hilmi's position, the shareholders elected Muhammad Lutfi. Medco also maintained the position of Marsillam Simandjuntak as independent commissioner and appointed Bambang Subianto to replace Gustiaman Deru for the same position.
Meanwhile, the publicly listed company announced on Tuesday that it had inked a facility agreement worth AU$200 million (US$145 million) with Bank ANZ Indonesia, Bank DBS Indonesia, Bank Mandiri, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation to fund its upstream gas project at the Senoro Toili Blok PSC in Central Sulawesi.
