PT Pertamina (Persero) intends to list its subsidiaries on Indonesia Stock Exchange (IDX) in 2016. Dwi Soetjipto, President Director of Pertamina, said that next year there will be subsidiaries which will hold initial public offering (IPO) in the IDX. "Obviously, next year there would be our subsidiaries which will conduct IPO.

However, we cannot mention the companies as they are still being discussed," he said. According to information PT Tugu Pratama Indonesia, Pt Pertamina Bina Medika and PT. Patra Jasa Hotel are likely to be listed.

Dwi Soetjipto said the company now is still discussing IPO plan of three subsidiaries. However, for Pelita Air, he denied the company will hold IPO because the economic condition is fluctuating and market condition is not so favorable.