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Indonesian president calls state firms to boost performance - China Rail Mounted Terminal Blocks by grehh hernjer





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Indonesian president calls state firms to boost performance - China Rail Mounted Terminal Blocks by
Article Posted: 09/30/2014
Article Views: 139
Articles Written: 1951
Word Count: 349
Article Votes: 0
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Indonesian president calls state firms to boost performance - China Rail Mounted Terminal Blocks


 
Business,Business News,Business Opportunities
JAKARTA, Oct. 19 (Xinhua) -- Indonesian President Susilo Bambang Yudhoyono on Wednesday called the state firms to increase their work performance so that they could give more revenue to the state.

President Yudhoyono made the statement after he conducted a reshuffle at the state-owned enterprises ministry, by appointing reformist former president director of the state electricity firm Dhlan Iskan who has a good reputation.

The president said that the firms had consumed a huge capital for operational of 1.075 trillion rupiah (some 121. 47 billion U.S. dollar) with total capital expenditures of 210 trillion rupiah ( about 23.73 billion U.S. dollar), while the revenue their had made was less than expectation. "With that condition there must be something wrong and financial leakages. I asked them to be reformed with in the next three years. Stop high economic cost in the state firms," Yudhoyono said at the State Palace.

Indonesia has 141 state firms, the huge number has been blamed for the ineffectiveness of work of the firms.

The government has aimed to simplify the number of the firms by establishing holding companies.

The holding companies would be made based on the sector of operations of the firms, former Indonesian-state owned enterprises minister Mustapa Abubakar has said.Some Indonesian corporate have enjoyed the rapid capitals inflows to expand their business recently.Indonesian president calls state firms to boost performance - China Rail Mounted Terminal BlocksIndonesian president calls state firms to boost performance - China Rail Mounted Terminal BlocksIndonesian president calls state firms to boost performance - China Rail Mounted Terminal BlocksIndonesian president calls state firms to boost performance - China Rail Mounted Terminal BlocksIndonesian president calls state firms to boost performance - China Rail Mounted Terminal BlocksIndonesian president calls state firms to boost performance - China Rail Mounted Terminal BlocksIndonesian president calls state firms to boost performance - China Rail Mounted Terminal Blocks

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