Weaning Grown-up Children

State oil & gas company Pertamina will sell off subsidiaries Patra Jasa and Pelita.

August 24, 2004

FOR Wahyu Hidayat, the upcoming days may be the most anxiety-filled. How can they not be? The task of straightening out PT Pelita Air Service, a subsidiary of PT Pertamina in the air transport sector, is entering its final episodes. The fate of Pelita, and 14 other Pertamina subsidiaries, will be decided in the very near future. The study by the board of directors of Pertamina on their fate was completed last July.

As if predicting its lot, H

...

More Articles