A Matter of Concern

The SEC has asked PT Telkom for clarification on certain points on its latest financial report. Was it just an administrative error?

June 3, 2003

ALETTER received last week by PT Telkom from the US Securities & Exchange Commission (SEC)—comparable to Indonesia's Capital Market Supervising Agency (Bapepam)—has caused a commotion within the telecommunications company. The letter, which upset Telkom directors, asked for clarification on certain points in the company's latest financial report in which many other parties, including the House of Representatives (DPR), are also i

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