Fighting Over the Sweat of Workers
With assets in tens of trillions of rupiahs, Jamsostek was always a target of political parties, the current government and business people.
January 30, 2007
Conflict never seems far from PT Jamsostek. Understandably, its huge assets frequently incite people to fight over the very profitable assets.
In nearly 30 years of operation, its total assets have reached more than Rp47 trillion. Compare this with assets belonging to the oldest insurance firm in Indonesia, Asuransi Jiwa Bersama Bumiputera 1912, which, according to a two-year old data, only had Rp7.3 trillion in assets.
At the beginning, the comp
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