State Companies in the Red - magz.tempo.co

State Companies in the Red

Monday, JanuaryFebruary 4 2017 00:00 WIB

A neka Tambang (Antam) CEO Arie Prabowo Ario-tedjo appeared to be elated when leaving the Flores Ballroom at Hotel Borobudur, Central Jakarta, on Wednesday last week. The decision reached in an Antam Extraordinary Stockholders General Meeting (RUPSLB) to approve merging companies in a holding company for mining state-owned enterprises (SOEs) gave Arie new hope.

When first presiding over Antam in early May, Arie had to deal with the company’s finances, which were in the red since the beginning of the year. Company losses in the first quarter of 2017 came to Rp6.6 billion. This climbed further: as of June 30, Antam has suffered losses of Rp496 billion. This company made the list of 24 SOEs which have been suffering losses in the first half of 2017.

State Companies in the Red
Twenty-three SOEs posted losses of Rp5.2 trillion in the third quarter of this year. Cooperation between SOEs is a key supporting factor.

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  • A neka Tambang (Antam) CEO Arie Prabowo Ario-tedjo appeared to be elated when leaving the Flores Ballroom at Hotel Borobudur, Central Jakarta, on Wednesday last week. The decision reached in an Antam Extraordinary Stockholders General Meeting (RUPSLB) to approve merging companies in a holding company for mining state-owned enterprises (SOEs) gave Arie new hope.

    When first presiding over Antam in early May, Arie had to deal with the company’s

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