ID :
47639
Wed, 02/25/2009 - 23:19
Auther :
Shortlink :
https://www.oananews.org//node/47639
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MINISTER ASKS STATE COMPANIES TO BECOME GROWTH CONTRIBUTORS
Jakarta, Feb 25 (ANTARA) - Finance Minister Sri Mulyani has asked state-owned entreprises to become national economic growth contributors amidst the ongoing global financial crisis.
"By working professionally, state owned companies will be able to turn the pessimistic conditions into optimistic ones, so that the targets set by the government for state entreprises can be achieved," she said in at a State-owned Companies' Executive Club Breakfast Meeting at the Antara building here on Wednesday.
The minister said if state companies were run in a more professional manner, their performance would improve and their boards of directors and commissioners would earn greater trust.
She said the world economy was currently undergoing a slowdown which had begun in the United States and European Union countries and was now also affecting the economies of Asian countries.
In the the advanced countries, she said, the governments had provided major companies with huge amounts of bailout funds to prevent them from collapsing. In Indonesia, however, state-owned companies should not expect the government to help them out with more funds.
"The government already has to work extra hard to save the country's balance sheet and has no ability left to help state-owned companies," she said.
Sri Mulyani predicted that the national economy would be affected by the global economic crisis as could be seen from a decline in the country's exports and imports, subdued capital market and continuing decline in the prices of commodities.
"Although in 2008 our economic growth rate was the highest in the world, we have to take precautionary steps to cope with a worse situation in the third quarter of this year," she said.
"By working professionally, state owned companies will be able to turn the pessimistic conditions into optimistic ones, so that the targets set by the government for state entreprises can be achieved," she said in at a State-owned Companies' Executive Club Breakfast Meeting at the Antara building here on Wednesday.
The minister said if state companies were run in a more professional manner, their performance would improve and their boards of directors and commissioners would earn greater trust.
She said the world economy was currently undergoing a slowdown which had begun in the United States and European Union countries and was now also affecting the economies of Asian countries.
In the the advanced countries, she said, the governments had provided major companies with huge amounts of bailout funds to prevent them from collapsing. In Indonesia, however, state-owned companies should not expect the government to help them out with more funds.
"The government already has to work extra hard to save the country's balance sheet and has no ability left to help state-owned companies," she said.
Sri Mulyani predicted that the national economy would be affected by the global economic crisis as could be seen from a decline in the country's exports and imports, subdued capital market and continuing decline in the prices of commodities.
"Although in 2008 our economic growth rate was the highest in the world, we have to take precautionary steps to cope with a worse situation in the third quarter of this year," she said.
