Banking
Bond Harvest Season Arrives

NOT many of Telkom’s pension funds were in the state bond auction held by the government on 1 September. Out of the total of Rp2 trillion in fresh funds sucked up by the government, Telkom’s share was only in the region of Rp300 billion. This was despite the fact that this company’s managed employees’ pension fund put in offers of up to around Rp600 billion. “Only a small amount was taken,” said Telkom’s Pension Fund Investment Dire

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