Weekly Business

SOEs Lose Big

UP until 2003 many state companies still suffered losses. Of 157 state-owned enterprises (SOEs), 47 companies or nearly one-third were still unable to make profits. The total losses amounted to Rp6 trillion. Of the amount, nearly 85 percent was suffered by 10 companies. The SOE with the most losses is PT PLN, at nearly Rp3.6 trillion. “Although the amount is still high, it is less than the previous year’s,” says Sta

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