Monday 24 January 2011

HOUSE SUPPORTS STATE-OWNED COMPANIES INVESTMENT PLAN

Commission VI of Parliament supported State Owned companies to invest in the real sector, especially in the effort to promote public service and social welfare of customers through infra-structure development, such as building high quality modest apartments (rusunami, rusunawa) that are affordable. This was among the conclusions of a hearing session of Commission VI of House with the Deputy of Banking and Finance, Ministry of State Owned Companies Affairs with PT Jamsostek, PT Askes, PT Taspen, and PT Asabri at the House of Representative.

Furthermore Commission VI of Parliament requested the Deputy of the Minister of State Owned companies to optimize performance in the aspect of management, operational as well as financial. The objective was to encourage state owned insurance companies to maintain efficiency, efectivity and Good Corporate Governance (GCG) in all business operations.

In anticipating the implementation of Law on National Social Welfare System, Commission VI of House had requested the Ministry of State Owned Companies to synchronize roadmap and scheduling of stipulated of the type of legal status of four state owned insurance companies including the aspects of strategy, measures to be taken, and cost and risk calculation of the entire process.

For that matter, State owned Insurance Companies needed to prepare mechanism of public service for the lower income group and Fund Management expected from the State Budget based on the Law of the National Social Welfare System.

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