Gov’t to Place State Funds in State-Owned Banks

Minister of State-Owned Enterprises (SOEs) Erick Thohir delivers his statement after attending a Limited Cabinet Meeting at the Presidential Office, Jakarta, Wednesday (24/6). (Photo by: PR / Agung)

Minister of State-Owned Enterprises Erick Thohir has said that he supports the Government’s decision to place state funds in state-owned banks in order to speed up national economic recovery. It shows the Government’s trust to State-Owned Enterprises that serve as one of drivers of the national economy.

“We will continue what we have been doing, to ensure micro, small and medium enterprises in villages and cities get back to business,” the Minister stated during a press conference after a Limited Cabinet Meeting at the Presidential Office, Jakarta, Wednesday (24/6).

Erick went on to say that corporations also play an important role in acceleration of national economic recovery as long as they have a good track record in banking and are labor-intensive industries.

“Insya Allah (God Willing), Ministry of SOEs together with Association of State-Owned Banks (Himbara) will ensure the process of economic recovery runs well,” Erick said.

In the meantime, President Director of Bank Negara Indonesia (BNI) Herry Sidharta expressed his gratitude for being trusted by the Government through Minister of Finance and Minister of SOEs. The Bank has planned to prioritize labor-intensive businesses and other economic sectors that will stimulate the country’s economic growth. (TGH / EN)

Translated by: Syarifah Aisyah
Reviewed by: Mia Medyana