Separation Costly, Reconciliation Beyond Capacity
October 16, 2001
Regional autonomy may bring trouble to state-owned enterprises, at least to those with assets in several regions like PT Semen Gresik. The plan to sell its stakes to the private sector has faced obstruction as the regional adminitrations have lodged strong objections and opted for a spin-off, or removal of this regional asset from the control of the central government, rather than allowing it to be owned by foreign private investors. Tough ne...