PT Pos Indonesia Denies Bankruptcy: No Asset Collateralized

TEMPO.CO, Jakarta - State-owned postal firm PT Pos Indonesia has denied rife rumors that it is presently on the verge of bankruptcy. Corporate secretary Benny Otoyo said the rumors were a discrediting act sans data. 

Benny mentioned that PT Pos Indonesia’s revenue was gained from the tax deposit fees and courier services. “It reaches Rp800 billion on average per year,” he said in Jakarta, Monday, July 22.

Moreover, the company has an A- rating, A- MTN rating, smoothly controls all debts, has no postponement on employees’ salaries, fully controls all of its assets, and no asset is collateralized.

Benny continued that the firm’s Pos Universal service that is available six days a week has a turnover of up to Rp20 trillion per month, there is no layoff because of restructuring, and the BPJS and pension dues are paid without arrears.

The rumored bankruptcy first circulated on mass media, quoting the statement of lawmaker Rieke Diah Pitaloka. Reports said that Rieke demanded the government pay attention to the crisis-stricken state enterprise. 

Tempo tried to confirm the matter with Rieke, but there is no answer yet.

Other than the failure issue, Benny also declined reports saying the state corporation took a bank loan to pay its employees’ wages. According to him, no bank would give fund assistance for such an intention. In fact, the corporation had loans for capital of daily operations.

He admitted that his company was dealing with technology disruption that he considered a common issue. Therefore, PT Pos Indonesia runs a business transformation in all of its aspects: business, human resources, strengthening subsidiaries, and development of new products.

FAJAR PEBRIANTO