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Business 7 years ago
Government closely monitors Pertamina asset sales
The Finance Ministry’s budgeting director general, Askolani, has said the government will closely monitor any corporate action by state-owned energy holding company Pertamina, which has received a green light to sell its assets to improve the company’s financial performance.
Business 7 years ago
‘Populist policies’ may take toll on Pertamina assets
The government has allowed state-owned energy company Pertamina to sell some of its assets to improve its financial position, which has come under pressure largely as a result of fuel subsidies aimed at keeping gasoline and diesel cheap for consumers.
