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KPC Divestment to Continue

22 July 2003 18:03 WIB

TEMPO Interactive, Jakarta:The divestment program of 20 percent of the shares in PT Kaltim Prima Coal (KPC) is to continue though the process will have to be extended. Up to now, the government has not received any request to withdraw from PT Bukit Asam, the company that has agreed to buy the shares. Minister of Energy and Mineral Resources Purnomo Yusgiantoro said that an extension to the negotiation period was needed since PT Bukit Asam needs time to meet with KPC. Perhaps two or three months will be needed, Purnomo said before attending a meeting of the privatization policy team at the Ministry of Finance in Jakarta on Tuesday (11/2). Purnomo went on to say it was the team--not the governmentthat had decided to extend the process. However, it was the government that had set the price of the shares as stated in the framework agreement. If the price is too expensive, PT Bukit Asam has an opportunity to negotiate this with KPC. (Priandono Tempo News Room)


Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

3 jam lalu

Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

Vietnam's gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday.


Minister: Indonesia Accounts for 54% of Global Palm Oil Export

3 jam lalu

Minister: Indonesia Accounts for 54% of Global Palm Oil Export

Indonesia is dominating global palm oil exports, accounting for 54 percent of world palm oil supplies, says the coordinating minister for economy.


Nuuk, Greenland, Among Cities With The Longest Fasting Duration During Ramadan

4 jam lalu

Nuuk, Greenland, Among Cities With The Longest Fasting Duration During Ramadan

One of the cities with the longest fasting duration is Nuuk, Greenland. There, Muslims have to fast for 16 hours during Ramadan this year.


Jokowi Aims to Complete Negotiation on 61% Freeport Share by June

5 jam lalu

Jokowi Aims to Complete Negotiation on 61% Freeport Share by June

President Jokowi aims to complete negotiations on increasing the government's share in PT Freeport Indonesia to 61 percent by June 2024.


Thailand PM Says Legalizing Casinos Good for Revenue and Jobs, Eyes Entertainment Project

6 jam lalu

Thailand PM Says Legalizing Casinos Good for Revenue and Jobs, Eyes Entertainment Project

Thailand is considering allowing casinos as another means of drawing in investment and tourism.


Indonesia-made Batteries Can Cut EV Prices by 30% Minister, Minister Says

6 jam lalu

Indonesia-made Batteries Can Cut EV Prices by 30% Minister, Minister Says

Indonesia will be able to reduce the domestic prices of electric vehicles, or EVs, by up to 30 percent by manufacturing its own EV battery.


UN Human Rights Committee Highlights Extrajudicial Killings in Papua

7 jam lalu

UN Human Rights Committee Highlights Extrajudicial Killings in Papua

The UN Human Rights Committee highlighted a pattern of extrajudicial killings of Papuans as human rights violation in Indonesia.


South Africa Bus Crash Kills 45 Easter Pilgrims, Transport Ministry Says

9 jam lalu

South Africa Bus Crash Kills 45 Easter Pilgrims, Transport Ministry Says

A bus crash in South Africa's northern province of Limpopo resulted in 45 deaths and one serious injury.


Many Brokers in Indonesian Politics

9 jam lalu

Many Brokers in Indonesian Politics

Parties supporting Prabowo Subianto are vying for ministerial posts. There is a wish to see the PDI-P join the coalition.


4 European Countries Ready to Recognize the State of Palestine

10 jam lalu

4 European Countries Ready to Recognize the State of Palestine

Palestine's struggle for independence remains a complex international issue.