The people's corporations<\/p>\n
The government will shortly establish a special agency to
\noversee all the BUMN state-owned corporations. With many interest
\ngroups vying to gain control over those corporations, the new
\nagency will have an important function to improve control and
\nefficiency in those corporations, which up to now have
\npractically served as cash cows to certain interest groups.<\/p>\n
It is ironic that the BUMN corporations, which are the core
\nbusinesses of our economy, have been turned into milch cows by
\ncertain parties. As a consequence, competition for top management
\npositions has become unhealthy. The position of president
\ndirector, for example, is no longer awarded based on professional
\nqualifications, but rather on political lobbying skills.<\/p>\n
We should never forget that those BUMNs are not the private
\nproperties of the President or of Cabinet ministers. They belong
\nto the Indonesian people, who have a right to expect certain
\nreturns from those businesses in the form of improved welfare
\nstandards.<\/p>\n
-- Bisnis Indonesia, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/the-peoples-corporations-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }