A Strange Blessing for a Troubled Company
The purchase of Jembatan Nusantara shares by ASDP triggers a polemic. This is the result of weak oversight by the state-owned enterprises ministry.
Tempo
September 5, 2022
THE disarray over the acquisition by ASDP Indonesia Ferry of Jembatan Nusantara for Rp1.2 trillion would not have happened if the state-owned enterprises (SOEs) ministry had been more thorough with its oversight. This huge corporate action by an inter-island transport company would not have been possible without permission from the ministry as the majority stakeholder.
In February, ASDP signed an agreement to purchase 100 percent of Jembatan Nus
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