“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Saturday, December 06, 2008

Pertamina to divest non-core-business subsidiaries

Jakarta(ANTARA News)- State-owned oil company Pertamina will divest its subsidiaries, particularly its non-core business entities  that are suffering losses, the company's  deputy president director, Iin Arifin Takhyan, said. 

"Pertamina will divest non-core and non performing subsidiaries," Takhyan said after a hearing with the House of Representatives (DPR)'s Commission VI which deals with energy affairs here on Thursday. 

He said  Pertamina's non-core business subsidiaries were enaged in such lines of activity as insurance, pension fund, health care services, construction, manufacturing, real estate and property.   

Up to September 2008, five of Pertamina's non-core business subsidiaries were known to have suffered losses, namely PT Geo Dipa Energi, PT Patra Dok Dumai, PT Pertamina EP Rendugunting and PT Pelita Air Service.   

He said companies that were not related to Pertamina's core business  would be sold while those that were would be retained.   

"We are studying the mechanism of the divestment. Subsidiaries that serve as business support will be handed over to the Asset Management Company (PPA) for restructuring," he said.   

Pertamina's Finance Director Ferederick ST Siahaan said meanwhile the sate-owned company was still calculating the value of the company's assets  before the restructuring was carried out.   

"The restructuring will be carried out in stages on a continuous basis but we are not yet able to reveal the value of the assets because it is still being calculated," he added.

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