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Companies 1 year ago
PREMIUM
Consumers flee to rival brands, fueled by Pertamina scandal
Customers are up in arms over the massive corruption scandal implicating Pertamina, with some turning to more expensive but quality-assured rival brands and others deliberately purchasing potentially doctored nonsubsidized fuel to ensure that taxpayer-funded subsidies reached their intended recipients.
Companies 1 year ago
Biden administration to award nearly $1.1b to Stellantis, GM for EV production
The Biden administration plans to award General Motors and Chrysler-parent Stellantis nearly US$1.1 billion in grants to convert existing plants to build electric vehicles and components, it said on Thursday.
Business 7 years ago
Pertamina’s insurance subsidiary records 71.65 percent net profit growth
Insurance company Asuransi Tugu Pratama Indonesia (ATPI), a subsidiary of state-owned energy giant Pertamina, has reported 71.65 percent growth in net profit to Rp 258.4 billion (US$19.9 million) in 2017, from Rp 166.3 billion the previous year.
