Indonesian Political, Business & Finance News

Steady Safe still off the road

| Source: JP

Steady Safe still off the road

JAKARTA (JP): PT Steady Safe, a transportation firm controlled
by businessman Jopie Widjaja, met with the City Land
Transportation Agency (DLLAJ) to resolve the temporary suspension
of the company's buses on city roads.

The agency has suspended the operation of 215 air-conditioned
buses of Steady Safe since early this week because the company
failed to operate regular buses.

The company reported to the Capital Market Supervisory Agency
and the Jakarta Stock Exchange that the operation of the buses
was suspended because the government wants Steady Safe to operate
40 percent of its fleet as air-conditioned buses, 30 percent as
express buses and the remainder as regular buses.

"Because there are a lot of things to be done to meet the
agency's requirement, we can only afford to operate 20 regular
buses," the company said.

On the allegation of renting out buses without a license, the
company said: "In late June we provided 80 air-conditioned buses
for the minister of research and technology to support the
Indonesia Air Show 1996."

"The operation permit of those buses was granted by the
government," the company said. (alo)

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