The main problem resulting from the agreement between PAM Jaya and its two partners, Palyja and TPJ, is a deficit due to a takeover of assets as well as a monopoly by the two foreign firms. PAM Jaya’s financial statement and an evaluation by the Development Finance Comptroller (BPKP) revealed constantly increasing losses: from January-October 2000, PAM Jaya owed its foreign partners Rp394.6 million due to the difference between operational ...