JAKARTA, Feb 7, Jakarta Post/ANN --The State-Owned Enterprises (SOEs) Ministry will close down or merge state-owned companies that have consistently failed to post profits as part of the government’s restructuring of SEOs, Deputy SOE Minister Kartika “Tiko” Wirjoatmodjo said in Jakarta on Thursday.
Tiko said that all underperforming SEO’s were currently under review, as the ministry looked to figure out which should be merged and which should be liquidated.
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