BANK Global has been frozen. The funds of two stateowned enterprises (SOEs) are now snagged within it. What can immediately be concluded from these two incidents is that the two policies on investment and capital participation involving SOEs urgently need to be straightened out.

This is because the two SOEs—Jamsostek and Pertamina Savings & Investment (PSI)—both manage funds collected from the toil and sweat of office employees, labo