Losing money

From Rakyat Merdeka

I would like to comment on the losses by the state through state-owned companies in 1999. The losses amounted to Rp 47 trillion.

Of the 20 state-owned companies, Bank Mandiri occupies first place with losses of Rp 36 trillion. What is interesting to question is why it happened. A cursory observation shows that the managers of state-owned companies lead a life that reflects good or high earnings.

Apart from the impact of the reduced value of the rupiah, the losses show the rotten condition this country is in. Without underestimating the managers of said companies, I think the cause of the losses is, among other things, the mental and moral weaknesses of the human resources who have been assigned to manage the state-owned companies. The government's lack of supervision is also a mistake.

If necessary, the state-owned companies should be dissolved than allowed to continue and become parasites of the state. It is not precluded to say that the companies only serve to maintain tie-wearing corruptors.

The state-owned companies and the government should think about the matter in a more realistic way and be introspective so that the state does not continue to suffer losses. They should try not to be parasites of the state. They should remember that all that money belongs to the people and is not a legacy of their ancestors.

JENNY

Jakarta