Ariffi Nawawi: "Pertamina is no longer a cash cow"
Tuesday, September 30, 2003
THE dream of Ariffi Nawawi, the new CEO of Pertamina, sworn in two weeks ago, is Pertamina as the engine of Indonesia's economic growth. But there's a wide chasm between a dream and reality. With its new status of a public company, Pertamina is allowed to sell as many of its shares as possible. However, the company no longer possesses the stellar quality it once had. Furthermore, it is still straddled with a number of problems, among them, the
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