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Indonesia says privatisation still key target
The Indonesian government says it will press ahead with its privatisation programme despite delays in sales of state assets.
The president of Indonesian lender Bank Danamon, Arwin Rasyid, and chairman of the Board of Investment Theo Toemion have told the East Asia Economic Summit in Hong Kong the government is determined to sell off its assets, including cement maker Semen Gresik.
Mr Rasyid, who was the Indonesia Bank Restructuring Agency's vice president until named to head Bank Danamon a year ago, says the government would be pushing ahead with the sale in order to meet its 2001 budget commitments.
Minister for State Enterprises Laksamana Sukardi has been quoted as saying that achieving even half the government target of 6.5 trillion rupiah, or 13-hundred million Australian dollars, for privatisations this year would be difficult following uncertainty in the wake of the terrorist attacks against the US and the delay in the Semen Gresik sale.
30/10/01 14:10:07 | ABC Radio Australia News
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