May 19, 2015 edition
OIL BUSINESS
Petral To Be Shuttered
Pertamina CEO Dwi Soetjipto has begun the process of liquidating its subsidiary, the Petral Group. The process is pending the result of an investigation set to complete in April 2016. "Petral's role in Pertamina's business is no longer significant," he commented last Wednesday.
Petral To Be Shuttered
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More Weekly Business articles in other editions
May 5, 2015 edition
April 21, 2015 edition
April 7, 2015 edition
TAX
Revenue Slumps, Tax Target Remains
AS of March 27, national tax revenue was recorded as Rp 170 trillion, or 13.66 per cent of the government's targeted annual total of Rp 1,244 trillion. The finance ministry said that this should not be a cause for alarm. "Our focus is on the tax reporting agency (SPT) submission at the end of April," said Finance Minister Bambang Brodjonegoro, last Monday.
Revenue Slumps, Tax Target Remains
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January 1, 1970 edition
SOES
Management Turnover in State-Owned Companies
Shareholders are shaking up management of many state-owned enterprises (SOEs). A general meeting of shareholders of Bank Negara Indonesia (BNI) resulted in the appointment of Ahmad Baiquni as CEO, replacing Suwondo, whose term in office has expired. The meeting, held on Tuesday last week, also resulted in the appointment of former coordinating minister of the economy Rizal Ramli as president commissioner, and former independent commissioner of Bank Mandiri as deputy president commissioner.
Management Turnover in State-Owned Companies