Indonesian Political, Business & Finance News

National Team to Handle TNI’s Business

| Source: TEMPO
National Team to Handle TNI’s Business
Wednesday, 18 October, 2006 | 17:47 WIB

TEMPO Interactive, Jakarta: In order to handle the businesses of the Indonesian Military (TNI), the government is establishing a National Team for TNI Business Transformation.

This team’s duty is to handle the taking-over of businesses within the TNI.

According to Juwono Sudarsono, Defense Minister, the decision to establish this team was obtained after four ministries--the Defense Department, the Finance Department, the Justice and Human Rights Department and the State Owned Enterprises Ministry--discussed the matter with the State Secretary and the Cabinet Secretary.

“This is an ad hoc team,” said Juwono yesterday (17/10).
The main point of scrutinizing TNI’s businesses, according to Juwono, is co-financing; incoming and outgoing transfers as also management structure.

“Included in these criteria are only seven to eight companies,” he said.

Dimas A and Rieka R
Tags: business
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