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Countdown to Divorce

Tuesday, September 11, 2001

For three years Semen Gresik has wanted to spin off Semen Padang and Semen Tonasa, but the government is confused, as there are possible large losses if the spin-offs go ahead.

arsip tempo : 173195464817.

. tempo : 173195464817.
THE government faces a real Catch-22 situation as regards the spin-off of Semen Padang and Semen Tonasa from their parent firm Semen Gresik. If it was to cancel the spin-offs—already agreed to by previous president Abdurrahman Wahid—the government would have to face up to the people of West Sumatra and North Sulawesi. In addition, during her visit to West Sumatra at the beginning of this month, President Megawati already promised to p...

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