Mandiri handles PHE ONJW cash management

Beginning next year, state owned Bank Mandiri will handle Pertamina Hulu Energi (PHE) ONJW?s cash management which is now entrusted by the state oil and gas company PT Pertamina?s subsidiary to a foreign bank.

The agreement on the cash management service was signed by Bank Mandiri?s executive vice president Supriyusman and PHE ONJW?s GM/executive VP Ignatius Tenny Wibowo in Jakarta on Wednesday.

Under the agreement, Bank Mandiri will provide electronic payment services for PHE ONWJ?s vendors, taxes as well as to handle salary payment to the company?s employees. The cash management service will be provided beginning January, next year. (godang)