Several Scenarios for Semen Gresik

THE demand by the people of West Sumatra for Semen Padang to be spun off from Semen Gresik and become an independent State-Owned Enterprise (SOE) is really very clever indeed. This way, Semen Padang would no longer have any headaches about debts. But the central governmentthat was hoping to obtain extra revenues from the sale of the SOE assetswould certainly have a real headache. What has to be remembered is that Semen Gresik is the guarantor of

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