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NEWS UPDATES Asean Affairs                      18  August 2011

Four Indonesian enterprises to go public

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The government is targeting initial public offerings (IPOs) of at least four state-owned enterprises in 2012.

The enterprises include South Sumatra-based cement producer PT Semen Baturaja and pawnshop operator Perum Pegadaian, State Enterprises Minister Mustafa Abubakar said Wednesday in Jakarta.

The two other companies are PT Tugu Pratama (a subsidiary of state oil firm PT Pertamina) and a subsidiary of state steel firm PT Krakatau Steel, Mustafa added.

“The four companies have a good opportunity for IPOs next year. They’ve made various preparations and are waiting for the right time to enter the market,” the minister said.

“We’re prompting more and more state enterprises to enter the domestic stock market. The momentum is predicted to be good, and IPOs are an opportunity to enhance company performance,” he said as quoted by Antara.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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