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PT Pos Indonesia denies rumor about financial crisis, bankruptcy
Concern over the future of PT Pos Indonesia emerged after a House of Representatives Commission VI member, Rieke Diah Pitaloka, said during a hearing last Thursday that the postal service was in a financial crisis.
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Students visit the office of postal company PT Pos Indonesia during a study tour in Medan, North Sumatra on Aug. 13, 2018. (Antara/Septianda Perdana)
State-owned postal company PT Pos Indonesia has denied rumors that it is filing for bankruptcy, although it admits facing disruption from the fiercer competition today.
In a statement issued on Monday, PT Pos Indonesia brushed aside reports on news outlets and social media that the company had to borrow money from banks to pay its employees because of the firm’s financial woes.
“The news is not right and far from fact,” said PT Pos Indonesia president director Gilarsi Wahyu Setijono when contacted by The Jakarta Post on Monday for a clarification.
PT Pos Indonesia corporate secretary Benny Otoyo in a statement also clarified misleading information about the company's financial condition.
As a company that offers various services, like as a courier, in logistics and government and facilitating remittances and bill payments, Benny said PT Pos Indonesia is just like any other company that needs working capital to cover its expenses. To get the working capital, it is normal for a company to get loans from banks, he said.
