Pertamina's Sub-holding IPO: Improving Value for Money and Beyond!

Some days ago, the public was shocked by Pertamina's plan to go on with the initial public offering (IPO) of its sub-holding. The scale was seismic. Pertamina is one of the largest state-owned enterprises in Indonesia. Furthermore, 100% of its shares are in the hands of the Indonesian government. So, this plan reflects a strong wind of change.