State firms must be efficient: Mar'ie<\/p>\n
JAKARTA (JP): Minister of Finance Mar'ie Muhammad yesterday
\nurged state-owned companies to make concerted efforts to promote
\nmanagement, so they can stand at the forefront in efficient
\noperations among the country's businesses.<\/p>\n
\"State-owned companies should set examples (in efficiency) as
\nour society follows a paternalistic pattern and look up to their
\nleaders as role models,\" Mar'ie told journalists after presenting
\ndedication awards to 280 employees at the Ministry of Finance.<\/p>\n
The minister noted that state firms should also improve their
\nperformance so they will be more competitive. Then they will be
\nable to contribute more to the country, by paying more taxes and
\ndividends to the government.<\/p>\n
He suggested all state companies, more than 180, follow the
\nsuccess of the telecommunication company PT Indosat, the first
\nstate-owned company to penetrate one of the world's most
\nprestigious stock markets, the New York Stock Exchange.<\/p>\n
Mar'ie said efficiency at state firms could minimize leaking
\nand wasting of state funds, either in their collection of state
\nrevenues or in spending.<\/p>\n
\"Resources of state incomes are relatively limited and they
\nare not easy to collect. There is no other way except to manage
\nstate funds efficiently,\" said Mar'ie, who represents the state
\nas official shareholder.<\/p>\n
He said financial institutions such as banks, insurance
\ncompanies, stock markets, pension funds and guarantee funds are
\nin vanguard positions for the efficiency drive as they are the
\nones who mobilize funds from the public.<\/p>\n
He asked all employees in his ministry and in state companies
\nto incorporate efficiency into their daily routines.<\/p>\n
\"Efficiency is not an alien thing, it should be our 'close
\nfriend.' It would be much better if we could make it our culture
\nof works,\" Mar'ie said in his address before hundreds of
\nemployees at his ministry.<\/p>\n
Sharing the minister's argument, Rustam Effendi, president of
\nstate-owned PT Danareksa, said all state companies should head
\ntoward one direction -- efficiency.<\/p>\n
\"That's the trend. If state companies are still inefficient,
\nsooner or later, they will die out,\" Rustam told The Jakarta
\nPost.(rid)<\/p>",
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