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Pos Indonesia denies bankruptcy rumors
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Bank Mandiri senior executive vice president for consumers and transactions Jasmin (left) and PT Pos Indonesia finance director Eddi Santosa (second left) look at a top-up bill in Jakarta on Jan. 10 after attending a ceremony marking a cooperation agreement between the two companies. Under the agreement, the state-owned lender's e-money holders can top up their cards at Pos Indonesia outlets. (The Jakarta Post/Dhoni Setiawan)
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tate-owned postal company PT Pos Indonesia has denied reports by several media outlets and rumors on social media over the last two days that it is facing bankruptcy.
The rumors began to circulate following reports that claimed the company was seeking a loan to pay the salaries of its employees.
“The news is not right, and far from the truth,” Pos Indonesia president director Gilarsi Wahyu Setijono said when contacted by The Jakarta Post on Monday.
In a company release issued on Monday, it stressed that the loan was for working capital, not employee salaries.
“Is there any company that does not need working capital? The answer is no. We also need working capital to fund our operational costs, bills and other [expenditures] and working capital is borrowed from banks,” the statement says.
“Paying employees' salaries is just part of the operational costs. However, this does not mean we borrow money for salaries.”
In denying rumors that it is on the brink of bankruptcy, the statement also said that Pos Indonesia could increase salaries, fully controlled its assets and paid Health Care and Social Security Agency (BPJS Kesehatan) premiums for its employees. (bbn)
