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Letting Go of the Family Jewels

Tuesday, February 26, 2002

In the first half of 2001, the government decided to sell off seven state-owned enterprises (SOEs), including `Jewel in the Crown'Tambang Batubara Bukit Asam. What are the chances of this happening, and what will it all take?

arsip tempo : 173510802930.

. tempo : 173510802930.

There is still a touch of unease affecting officials within the State Ministry for SOEs. With the targeted sale of 24 SOEs—the reason for the butterflies in their stomachs—they must undertake a series of Herculean tasks that are not sure to end up with a big celebration. Naturally so, as the targeted income is high: Rp6.5 trillion, which must be given over just to patch up the 2002 national budget.

Covering the deficit by selling SO

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