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NEW UPDATES Asean Affairs  27 April  2015  

Govt likely to liquidate Petral soon

State-Owned Enterprises Minister Rini Soemarno has implied that the government would soon liquidate Pertamina Energy Trading Ltd (PT Petral), a unit of state-owned Pertamina working in oil exports and imports.

“Insya Allah [God willing] this year [a decision will be made]. I have already received a report from Pertamina and I will take it to the President to decide,” she said in a hearing with the House of Representatives Commission VI on state enterprises in Jakarta on Friday.

Rini said Pertamina’s report covered Petral’s operations.

“I am asking for a detailed report on Petral, including its legal status and employees,” she said, adding that a big part of Petral’s operations had been moved to Jakarta from Singapore.

“Since January 2015, they [Pertamina] have begun direct purchases from Jakarta and not through Singapore,” she said as quoted by Antara news agency.

With the direct purchase by Pertamina, Petral will no longer be needed.

There have long been calls for Petral, which was established in 1976 with Pertamina as a majority shareholder, to be liquidated as it has been suspected to be a haven for corrupters from the state-owned oil company.

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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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