"However, investment return would be more than 10 percent next year."Yogyakarta (ANTARA News) - State-owned workers` insurance company PT Jamsostek Persero said it has overshot its investment target of Rp125.7 trillion set until the end of this year.
By September Jamsostek`s investment already reached Rp127 trillion, its president Elvyn G. Masassya said here on Thursday.
From the investment the company earned Rp9.9 trillion in return in the first nine months of the year, Elvyn said.
The company`s target for investment return this year is set at Rp12.2 trillion, he added.
"We have been on the right track. Everything is going as we planned. There is no revision of targets," he said.
He said he could not yet predict for next year as targets would be set based on the economic condition and interest and exchange rates.
"However, investment return would be more than 10 percent next year," he predicted.
He said the company management is studying plan to buy bonds issued by other state companies or private companies.
Fund of around Rp2.5 trillion has been set aside to buy bonds with rating of at least "A" with nominal value above Rp500 billion, he said.
"Currently we are reviewing bonds issued by four companies operating in various sector," he said.
He said Jamsostek will buy part of right shares to be issued by PT Bank Tabungan Negara Tbk (BBTN), but he refused to give figure.
"It is our right, but as it is, it depends on you whether or not to exercise your right. I say we would exercise," he said.
(Uu.AS/H-ASG/H-YH)
Editor: Priyambodo RH
Copyright © ANTARA 2012
