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Indonesia pressing ahead with SOE mergers

Widodo looks to shape up state-owned companies ahead of foreign onslaught

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A view of state-owned oil company Pertamina's refinery in Cilacap, Central Java, Indonesia   © Reuters

JAKARTA -- The Indonesian government has laid the legal groundwork for consolidation of the country's more than 100 state-owned companies, hoping to make them more competitive amid a wave of deregulation that may bring more foreign rivals into the country.

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