Jakarta to privatise more state firms
Ann/ The Jakarta Post
The government hopes to add several additional state-owned companies (SoEs) to its privatisation program this year, in a bid to raise more cash to plug the budget deficit, the new state enterprises minister says."We will identify the SoEs that are ready to go public this year while taking a look at the market conditions. If it is feasible, we'll ask for more divestment approvals from the House of Representatives," State Minister for State Enterprises Sofyan Djalil said Monday on the sidelines of a hearing with the House's trade commission. He declined to say how many SoEs will be added to the current list of companies scheduled to go public this year. The government has already listed nine SoEs for the 2007 privatization program. These include toll operator Jasa Marga, Bank Negara Indonesia (BNI), contractor Wijaya Karya, airlines Garuda Indonesia, Merpati Nusantara Indonesia and investment firm PT Permodalan Nasional Madani.
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