RI to meet asset sale target

RI to meet asset sale target

JAKARTA: The Indonesian government is optimistic it will reach
its target of raising Rp 5 trillion (US$1=Rp 8,960) this year
from sales of stakes in state-owned companies.

Mahmuddin Yasin, deputy for the State Minister for State
Enterprises, told reporters on Wednesday that so far the
government has raised Rp 3.4 trillion from sales in shares in
several state-owned companies, the proceeds of which will be used
to help finance the state budget deficit.

The government hopes to raise the remaining Rp 1.6 trillion
later this year from the planned sales of a 30 percent stake in
PT Bank Negara Indonesia and a 14 percent stake in PT Timah and
sister company PT Aneka Tambang.--DJ