Relying on the Stock Exchange
The reorganization of Pertamina is being accompanied by a plan to make IPOs. There are other intentions at play aside from the transparency and accountability of state-owned companies.
Khairul Anam
June 29, 2020
A black banner hangs on a wall of the housing complex of Pertamina’s Refinery Unit IV in Lomanis, Cilacap, Central Java. It bears a message from the Patra Wijaya Kusuma Pertamina Labor Union (SPPPWK): “This refinery is 100 percent owned by the people of Indonesia. It is not for sale!!!” Inside, on Friday, June 19, hundreds of workers sat in rows in front of the Patra Graha Building, protesting the reorganization of the company,
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