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View all search resultsholding-company
Business 8 years ago
SOE minister should be allowed to join hearings again: Lawmaker
A lawmaker has voiced concern about the prolonged ban on State-Owned Enterprises Minister Rini Soemarno from attending meetings at the House of Representatives, saying it hinders negotiations on the government’s holding company plan.
Business 9 years ago
Indonesia to merge two mining firms, initial step in forming holding group
The government will merge PT Alumunium Development Corporation (Aldevco) into state-owned aluminum producer PT Indonesia Asahan Aluminium (Inalum) as part of the preparation for the latter to be a leader of the holding company in the mining sector.
Opinion 9 years ago
Time to scrutinize Indonesia state-owned enterprise merger synergies
The Indonesian government under Joko “Jokowi” Widodo has begun to execute a plan to establish sectoral holding companies comparable in size and competitiveness to global leading companies. Through this plan, the government ambitiously aims to increase the number of Indonesian companies in the Fortune Global 500 list from 2 in 2015 to 6 in 2019.
Business 9 years ago
State mining holding company to mark US$20b assets
The establishment of a holding company for mining state-owned enterprises (SOEs) will potentially bulk up corporate assets worth Rp270 trillion (US$20.83 billion), skyrocketing from existing assets worth Rp65.6 trillion scattered among separated SOEs.
