Bitter Pill for Indofarma

Thanks to bad management, Indofarma recorded a huge loss in 2002 after years of always being in profit.

July 8, 2003

WITHOUT any real fanfare, the government has removed Edy Pramono from his position as head of state-owned pharmaceutical company ndofarma. At the annual general meeting of shareholders held Monday last week, Edy was replaced by Dani Pratomo. Previously, Dani was President Director of PT Phapros Indonesia. The replacement was in fact not that surprising because Edy already knew he was soon for the chop. But even so, many questions are being asked

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