ID :
23293
Wed, 10/08/2008 - 20:38
Auther :
Shortlink :
http://m.oananews.org//node/23293
The shortlink copeid
STATE COMPANIES REQUESTED TO PUT DOLLAR FUNDS IN NATIONAL BANKS
Jakarta, Oct 8 (ANTARA) - State Enterprises Minister Sofyan Djalil said he has asked 14 big state-owned companies to put their US dollar funds into the national banking system amidst the current global financial crisis.
"We have asked them to also be concerned about the conditions of the national economy. The dollars that they keep may help increase the country's foreign exchange reserves," Sofyan said at his office on Wednesday.
He said the companies had also been asked to coordinate with the central bank with regard to meeting domestic demand for US dollars.
Djalil said the 14 state-owned companies included PT Pertamina, PT PLN, PT Timah Tbk., PT Aneka Tambang Tbk., PT Bukit Asam Tbk., PT Pupuk Kaltim, PT Perkebunan Nusantara (PTPN) III, PTPN IV, PTPN V and PTPN VII.
"We summoned the companies' chiefs on Tuesday. The companies all have US dollar accounts and revenues in US dollars," he said.
He said their response was good and they would adhere to the government's directives.
"Regularly they will report their treasury management to the government and Bank Indonesia (the central bank)," he said.
Djalil did not mention the amount of the companies' dollars that would be put into the national banking system.
He only said that although the companies had a potential dollar income they also needed foreign currencies for their operational activities.
Referrring to Pertamina as an example, he said the company needed more than US$6 million a week to import crude oil and finished products.
He said he would pay extra attention to state-owned companies that have projects financed with US dollars.
So far, he said, most of the companies had already put their US dollar accounts in domestic banks. "Most of their dollars are already in Indonesia," he said.
"We have asked them to also be concerned about the conditions of the national economy. The dollars that they keep may help increase the country's foreign exchange reserves," Sofyan said at his office on Wednesday.
He said the companies had also been asked to coordinate with the central bank with regard to meeting domestic demand for US dollars.
Djalil said the 14 state-owned companies included PT Pertamina, PT PLN, PT Timah Tbk., PT Aneka Tambang Tbk., PT Bukit Asam Tbk., PT Pupuk Kaltim, PT Perkebunan Nusantara (PTPN) III, PTPN IV, PTPN V and PTPN VII.
"We summoned the companies' chiefs on Tuesday. The companies all have US dollar accounts and revenues in US dollars," he said.
He said their response was good and they would adhere to the government's directives.
"Regularly they will report their treasury management to the government and Bank Indonesia (the central bank)," he said.
Djalil did not mention the amount of the companies' dollars that would be put into the national banking system.
He only said that although the companies had a potential dollar income they also needed foreign currencies for their operational activities.
Referrring to Pertamina as an example, he said the company needed more than US$6 million a week to import crude oil and finished products.
He said he would pay extra attention to state-owned companies that have projects financed with US dollars.
So far, he said, most of the companies had already put their US dollar accounts in domestic banks. "Most of their dollars are already in Indonesia," he said.
