Pos Indonesia dismisses report of company going bankrupt

Pos Indonesia dismisses report of company going bankrupt

President Director of PT Pos Indonesia Gilarsi Wahju Setijono. (ANTARA News/ Sella Panduarsa Gareta)

This was a baseless report aimed at discrediting the company.
Jakarta (ANTARA) - State-owned postal and logistical service company PT Pos Indonesia (Persero) has denied a report that claims its internal financial crisis led the firm to bankruptcy.

"News reports that PT Pos went into bankruptcy and lent a sum of money from the bank to pay its workers' salaries are not true," President Director of PT Pos Indonesia Gilarsi Wahyu Setijono clarified in a statement here on Monday.

"This was a baseless claim aimed at discrediting the company," Setijono affirmed.

Setijono made the statement to offer clarity over the circulating online news reports, following a statement made by Legislator of Commission IV Rieke Dyah Pitaloka that urged the government to pay serious attention to the company's financial condition.

"We laud Rieke Dyah Pitaloka for what she said that showed her concern for Pos Indonesia. Indeed, we need the government's involvement to strengthen Pos Indonesia's condition," he stated.

However, he noted that some points of the news reports were untrue, such as the report on bank loan to pay the workers' salaries.

"It is true that the company needs working capital for its operation, to pay bills. We borrow money from the bank for working capital and not for paying workers' salaries," he explained.

Setijono remarked that PT Pos Indonesia had recorded monthly money circulation of some Rp20 trillion, and it was rated A- by national rating firm Pefindo, thereby indicating its strong capacity to meet its long-term financial commitments.

He stated that the company is on the path to transforming its business and human resources, strengthening its subsidiary company's business, and developing novel products. EDITED BY INE

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