Postal firm changes name

Postal firm changes name

JAKARTA (JP): The state-owned postal service, Perusahaan
Umum Pos dan Giro (PPG), will have a new name next month as the
government has agreed to change its status from a non-profit
company.

PPG's director Sumitro told reporters on Thursday that his
company will be called PT Pos Indonesia after becoming a profit-
oriented firm.

He said that in spite of the new management and name, the
company will retain its function as a public service company.

"We are still studying the possibility of establishing
subsidiaries in expanding our business. But our core business
will remain public service," he said.

According to Sumitro, setting up new subsidiaries is
important for business expansion, which may include the operation
of aircraft for package deliveries.(icn)