Petrochemical giant Chandra Asri (TPIA) plans to merge with PT Petrokimia Butadiene Indonesia (PBI), aiming to cut costs. This action is targeted to be effective per Jan. 1, 2020. PBI suffered a loss of US$5.62 million in the first half (H1) of 2019, widened from loss US$2.7 million in H1 of 2018, as tax expenses rose to US$6.32 million from previous US$2.25 million.
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