Indonesia to launch much awaited IPOs of PalmCo, PHE in coming months

Indonesia to launch much awaited IPOs of PalmCo, PHE in coming months

FILE PHOTO: A woman shops for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan

Indonesia is planning to launch much-anticipated initial public offerings (IPOs) for its state palm oil planter and upstream oil and gas company in the coming months, a deputy cabinet minister said on Friday.