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Semen Padang

The Letter That Shook Padang

Tuesday, April 16, 2002

Semen Padang has rejected the governments wish to replace the companys board of directors. The reason for this was that financial performance was improving. Whats going on?

arsip tempo : 173219534180.

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THE crisis deepens at Bukit Indarung, West Sumatra. At the Semen Padang headquarters, the atmosphere seems to be really oppressive. From morning till late at night, on Thursday last week, none of the members of the Board of Directors left the meeting room. It seems there was something very important on the agenda: the letter from Jakarta.

It was from Laksamana Sukardi, the State Minister for State-Owned Enterprises (SOEs), to the Board of Directo

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