Anatomy of Freeport Divestment

In the case of Freeport, the 1991 nationalization process was smooth. Then-mines and energy minister Ginandjar Kartasasmita transferred part of Freeport’s shares to Aburizal Bakrie, who in 1996 sold it to Bob Hasan. Ironically, the profits received from Freeport were “dumped” into a failed oil exploration in the Gulf of Mexico.

KOMPAS/DIDIE SW

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Since its establishment in 1980, the Indonesian Business Data Center (PDBI) has specialized in reviewing government policies on managing the strength of the national economy through Indonesia Inc.

Indonesia Inc. is modeled after Japan Inc. and Korea Inc., corporate concepts that the United States and the European Union (EU) also implement in a more democratic form.