Patra Jasa, the hotel business arm of state-owned oil and gas firm PT Pertamina, mulls to launch its initial public offering (IPO) in the first half (H1) of 2018. Rizki Hasan, the finance director of Patra Jasa, said that the Company needed huge funds for funding its business expansion. The IPO has been included in the long term business plan that the Company presented to its major shareholder. To subscribe please click here