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In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code. A corporation is a personal holding company if both of the following requirements are met: [15] Gross income test: at least 60% of the corporation's adjusted ordinary gross income is from dividends, interest, rent, and royalties.
In March 2017, after Soetjipto was dismissed due to leadership issues, the Board appointed Manik who had served as president director of Elnusa, a Pertamina subsidiary, from 2011 to 2014. He then spent a period as the CEO of PT Perkebunan Nusantara (PTPN) III, the holding company of 14 state-owned agriculture firms. [22] 10 Nicke Widyawati 2018 ...
In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth , providing goods or services which are not covered by private company , employment provider, providing support guidance to small and medium businesses ...
In 1958, L.J.N. Eindhoven & Co was nationalised and converted into PN Gas. [1] PGN logo before rebranding on 10 December 2021. On 1 January 1961, the Bureau of Electricity and Gas became BPU-PLN (Badan Pimpinan Umum Perusahaan Listrik Negara, General Governing Agency of the State Electric Company). The agency, which managed the electricity and ...
PT Semen Indonesia (Persero) Tbk (known as SIG) is a state-owned holding company providing building material solutions. The company has 17 subsidiaries located in Indonesia and Vietnam . With a market reach to Asia , Australia and Oceania , the company's main business is in the cement sector and its derivative products such as concrete , mortar ...
Chase Bank is the consumer banking division of holding company JPMorgan Chase & Co., which has $3.4 trillion in assets. Nearly half of U.S. households are customers of Chase, according to the bank ...
PT Perusahaan Listrik Negara (Persero) (lit. ' State Electricity Company ' , abbreviated as PLN ) is an Indonesian government-owned corporation which has a monopoly on electric power distribution in Indonesia and generates the majority of the country's electrical power, producing 176.4 TWh in 2015.
It also cooperates with the state electricity company or Perusahaan Listrik Negara (PLN) to support government programs in electricity distribution in Bekasi and Karawang’s industrial areas. [4] Another infrastructure developed by Jababeka is the dry port called Cikarang Dry Port which allows import-export customs clearance to be resolved ...