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Three SOEs removed from state capital injection recipient list
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Cars parked at the House of Representatives building in the House complex in South Jakarta. (tribunnews.com/Adi Suhaendi)
H
ouse of Representatives Commission VI overseeing trade and industry has agreed to remove three state-owned Enterprises (SOEs) from the list of recipients of state capital injections (PMN) this year.
The three firms are Perusahaan Perdagangan Indonesia (PPI) and Pelabuhan Indonesia (Pelindo) III, which were initially set to receive Rp 1 trillion (US$76 million) in PMN each, and Bahana Pembinaan Usaha Indonesia (BPUI), which was expected to get Rp 500 billion.
During a working meeting with the finance minister on Thursday, House Commission VI chairman Teguh Juwarno said House members had also cut the amount of PMN for Hutama Karya from Rp 3 trillion to Rp 2 trillion.
"The PMN to SOEs in 2016 will focus on infrastructure development programs, energy and agriculture sovereignty, and micro loans to people and small and medium enterprises," he said at the House complex in Jakarta, highlighting that the ultimate goal was to give a boost to the economy and people's welfare.
Teguh further said the Commission had also made it clear that not a dime of state capital injection would be used to support the high-speed railway project that Kereta Cepat Indonesia China (KCIC) was building.
State-owned contractor firm Wijaya Karya and state-owned toll operator Jasa Marga are PMN recipients and part of the consortium of companies involved in the China Railway Corporation-sponsored mega project. (ags)
