Indonesian Political, Business & Finance News

Pertamina suffers losses?

Pertamina suffers losses?

From Rakyat Merdeka

We often read in the newspapers and hear from the electronic media that Pertamina and other state-owned companies, not to mention the conglomerates, are Golkar's "money printing machines".

It seems a huge amount of money from Pertamina was allegedly been given to Golkar, as well as the rumored Pertamina corruption involving some Rp 43 trillion, then Pertamina suffered losses for the 1997/1998 fiscal year. The above resulted in the company not being able to share the profits among its employees.

Why is it that the Pertamina management is so ready to sacrifice the interests of its employees for expenses not directly related to Pertamina?

HAK SUBLIE

Jakarta

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