Article: TEN STATE FIRMS TO UNDERGO RESTRUCTURING: MINSTER.

Jakarta, Jan 12 (ANTARA): State Enterprises Minister Sofyan Djalil said his office had proposed 10 state-owned companies for financial restructuring by the Asset Management Company (PT PPA) because they were in financial trouble. "Ten state companies will be restructured by PT PPA in order to improve their financial status," Djalil said here on Monday. The minister said the 10 state companies included PT Merpati Nusantara Airline (MNA), ship-building company PT Pal Indonesia, glassware maker PT Industry Gelas, shipping company PT Djakarta Lloyd, PT Hotel Indonesia Natour, cement maker PT Semen Kupang and paper maker PT Kertas Kraft Aceh. The minister made the statement ...

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