Losing money

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