Ferdinand the Bullish

JICT's performance is considered so poor that the State Minister for SOEs plans to buy back its shares from Grosbeak.

March 4, 2003

FERDINAND Nainggolan is enraged. The Deputy State Minister for State-Owned Enterprises (SOEs), Logistics & Tourism Division, loudly voices his irritation. He considers the performance of Jakarta International Container Terminal (JICT) has remained bad although the majority of its shares had been sold to Grosbeak, a Hong Kong company. Many of the promises made by one of the largest port management companies in the world when they submitted

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