ID :
9442
Thu, 06/05/2008 - 19:07
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Shortlink :
https://oananews.org//node/9442
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LEGISLATORS AGAINST PRIVATIZING KRAKATAU STEEL THROUGH STRATEGIC SALE
Jakarta, June 5 (ANTARA) - Legislators from different factions in the House of Representatives (DPR) on Thursday declared their opposition to the planned strategic sale of state-owned steel company PT Krakatau Steel (KS).
The objecting legislators made their stand known in a joint statement. They included Syarief Hasan (faction chairman of Democrat Party), Zulkifli of Prosperous Social Justice (PKS), Alvin Lie of the National Mandate Party faction (FPAN) and Ade Daud Nasution of the Reforms Star Party faction (FPBR).
They said the planned strategic sale of the state company would not benefit the state. It was a fact, they said that the strategic sale of state-owned satellite company PT Indosat had brought a lot of harm to the state.
The strategic sale system was different from the initial public offering (IPO) system which was applied to state-owned telecommunication company PT Telkom and Bank BRI where the state had enjoyed a lot of benefits.
In the meantime, the Indonesian Democracy Party-Struggle faction (FPDI) questioned the government's plan to sell PT Krakatau Steel.
Hasto Kristyanto of the FPDIP said his faction was questioning the government's plan to privatize KS through a strategic sale which would defeat the real goals of privatization.
Privatization should be intended to increase the company's assets, broaden people's ownership in the company, and encourage it to become a corporate leader in its business field, he said.
Therefore, Hasto said, the state enterprises minister must take action to prevent certain interested parties to turn KS into a subordinate of a multinational company.
"The best way of privatizing KS is through an IPO which can guarantee transparency and is in conformity with the privatization polity," he said.
He said further that through an IPO, PT KS shares which would be sold to the public should be at 35 percent at the maximum in an effort to maintain the national interest in the strategic industry that would provide the best contribution to the national economy.
Hasto said from a political point of view, a strategic sale of KS in the run up to the 2009 general elections could be perceived as an effort by the government to collect "political" funds.
"The government had better listen to the aspirations raised in the parliament in order to prevent the emergence of all sorts of suspicions," he added.
The objecting legislators made their stand known in a joint statement. They included Syarief Hasan (faction chairman of Democrat Party), Zulkifli of Prosperous Social Justice (PKS), Alvin Lie of the National Mandate Party faction (FPAN) and Ade Daud Nasution of the Reforms Star Party faction (FPBR).
They said the planned strategic sale of the state company would not benefit the state. It was a fact, they said that the strategic sale of state-owned satellite company PT Indosat had brought a lot of harm to the state.
The strategic sale system was different from the initial public offering (IPO) system which was applied to state-owned telecommunication company PT Telkom and Bank BRI where the state had enjoyed a lot of benefits.
In the meantime, the Indonesian Democracy Party-Struggle faction (FPDI) questioned the government's plan to sell PT Krakatau Steel.
Hasto Kristyanto of the FPDIP said his faction was questioning the government's plan to privatize KS through a strategic sale which would defeat the real goals of privatization.
Privatization should be intended to increase the company's assets, broaden people's ownership in the company, and encourage it to become a corporate leader in its business field, he said.
Therefore, Hasto said, the state enterprises minister must take action to prevent certain interested parties to turn KS into a subordinate of a multinational company.
"The best way of privatizing KS is through an IPO which can guarantee transparency and is in conformity with the privatization polity," he said.
He said further that through an IPO, PT KS shares which would be sold to the public should be at 35 percent at the maximum in an effort to maintain the national interest in the strategic industry that would provide the best contribution to the national economy.
Hasto said from a political point of view, a strategic sale of KS in the run up to the 2009 general elections could be perceived as an effort by the government to collect "political" funds.
"The government had better listen to the aspirations raised in the parliament in order to prevent the emergence of all sorts of suspicions," he added.
