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DPR: IPO Plan of Pertamina Possible

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19 October 2018 19:22 WIB

Supreme Audit Agency (BPK) chief Harry Azhar Aziz. doc TEMPO/Adri Irianto

TEMPO.CO, Jakarta - Harry Azhar Aziz, Deputy Chairman of House Commission on Finance and Banking, has agreed on the idea that the government releases its stock ownership at Pertamina. According to Harry, the state oil company has yet been transparent in managing the subsidized fuel.

"I'm supporting the idea [of making Pertamina to go public] because there will be positive gains from it," Harry said yesterday in a discussion related to the fuel.

By releasing Pertamina's stocks to public, more people would be involved in monitoring the company, according to Harry. He referred to a number of state-owned enterprises that had launched their IPOs, including Garuda and TVRI. The government should consider making Pertamina become a public-owned company, said Harry.

In the same discussion, member of the House Commission on Energy, Effendi Simbolon, suggested that Pertamina and PLN should be registered at the Stock Exchange since both state-owned enterprises received the largest subsidy allocation.

"It is possible to make Pertamina and PLN to go public so that people can have the access to control the companies," Effendi said.

AYU PRIMA SANDI



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