Krakatau, Pertamina to become non-listed public cos
The government said it will change the status of steel maker PT Krakatau Steel and oil and gas company PT Pertamina into non-listed public companies this year, Asia Pulse reported Tuesday (11/3/08).
Under the new status, the two state companies will be required to report their business operations to the public, State Minister for State Enterprises Sofyan Djalil said.
The change in status is to create transparency in the management of the two large companies, Djalil said.
The management of Pertamina is set to place the company in the ranks of world class oil and gas companies, its vice president Iin Arifin Takyan said.
Under the new status, the two state companies will be required to report their business operations to the public, State Minister for State Enterprises Sofyan Djalil said.
The change in status is to create transparency in the management of the two large companies, Djalil said.
The management of Pertamina is set to place the company in the ranks of world class oil and gas companies, its vice president Iin Arifin Takyan said.