Black Marks for Jamsostek

Because of the collapse of Bank Global, Jamsostek now has to face the threat of a Rp100 billion investment disappearing. Other investments could also end up making a loss.

January 4, 2005

WHAT was originally intended to make a profit however unfortunately resulted in a loss. Perhaps this is how PT Jamsostek feels, following the ensuing chaos surrounding its purchase of Bank Global subordinated bonds. Previously, the institution that manages workers’ money certainly hoped to make a profit from its purchase of promissory notes, recorded at the Surabaya Stock Exchange on June 11, 2003.

Whatever one wishes to say, there’s n

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