I include interaction terms between BEFORE and each of the other variables, thereby giving BMarket, BSMB, BHML, and BUMD
. Portfolio returns are calculated using value-weighted returns.
Purnama has said development would be carried out by companies (BUMD
) owned by the city administration in cooperation with private companies.
As part of this process, the Company's local BUMD
(Regency owned enterprise) partner (or their nominee) will be issued a 5% direct interest in each of the Moly Companies.
China Huadian Corp will be a 55% shareholder of the project, TBBA is a 28% owner, PT Indika Inti Energi and PLN each to have a 8% stake and regional administration company (BUMD
) to hold the remaining 1%.
(BUMN and BUMD
), workers of private companies and entrepreneurs.
A breakthrough, therefore is needed such as in the form of the consortium between the exporters and the government represented by state-owned trading companies or regional administration companies (BUMD