Heavy Blow from Harmoni

AFTER a period of five years, Temasek’s business empire in Indonesia’s cellular industry has started to appear a little shaky. This is because of the Business Competition Supervisory Commission (KPPU) having stated that Temasek’s ownership of shares in both Telkomsel and Indosat violates the Anti-Monopoly State Decree. This decision from the agency, which has its offices in the Central Jakarta district of Harmoni, was in fact already signed

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