Weekly Business

PRIVATIZATION
Three SOEs May Go Public

THE House of Representatives (DPR) has approved plans by three state-owned enterprises-Garuda Indonesia, Krakatau Steel, and Bank Tabungan Negara (BTN)-to go public. "We have agreed to the planned initial public offerings provided they take into consideration the timing of the offer," said Asman Abnur, deputy head of the DPR's Finance & Banking Commission, last week.

Under the plan, Garuda is to sell a maximum 40

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