The Ministry of State-Owned Enterprises (BUMN) is finalizing plans for PT Pertamina Hulu Energi (PHE) to hold an initial public offering (IPO) of shares this year. PHE recorded strong performance last year with a huge profit of up to US$4.67 billion, equivalent to Rp69.17 trillion in 2022, bigger than any company listed on the Indonesia Stock Exchange (IDX).To subscribe please click here
