English
Indonesia: Indonesian president approves plans to form state holding companies: minister
Indonesia: Indonesian president approves plans to form state holding companies: minister
Saturday, 13 August 2016 – Indonesia’s president Joko Widodo has approved plans to create holding companies for state firms in oil, mining, financial services and food sectors, State-Owned Enterprise minister Rini Soemarno told reporters on Friday.
“The president hopes the future industrial development will be done by state-owned companies,” Ms Soemarno said.
PT Pertamina will be the holding company in oil and gas sector, and publicly-listed gas distributor PT Perusahaan Gas Negara will be one of its units, Ms Soemarno said.?Read More?