The divestment process is blocked BPUI Askrindo and Problems

Commission XI of the House of Representatives (DPR) noted there are still three unresolved issues in the process of divestment of Bank Indonesia (BI) is Askrindo and Business Development of PT Bahana Indonesia (BPUI).

Because of that commission to target the release of two kids XI BI efforts will be completed during the second session of Parliament this year, despite the settlement of debt valued at Rp 1.2 trillion BPUI only be completed in 2026.

"Counts I, twice the hearing again was enough. If Askrindo had no problems. To BPUI there are three unresolved issues," said Chairman of the Panja Shoibul Faith in the Parliament Building, Senayan, Jakarta, Monday (24/05/2010).

Shoibul revealed three issues that are clean and clearance of all issues including the law, par divestitures, and debt restructuring BPUI.

"Kan divestment was a mandate from the Act that prohibits BI BI has a subsidiary. This process should be completed at 2009 yesterday. Because there are many problems it must be through the Panja House," he said.

However, further Shoibul one crucial issue which will be requested from the government information is a form of the two companies after the grant. "It is not yet known, will become state-owned or are under the Ministry of Finance," he asserted.

In another part, say the alternative debt settlement Shoibul BPUI one of them through the alternatives. Is by including the principal debt worth USD 250 billion as part of the state capital investments (PMN). However, Faith said, the interest of the debt is valued at USD 950 billion, still must be repaid.

"It would be repayable in 20 years, with a grace period of three or four years old. But this mechanism has not been agreed upon," explained Shoibul.

Previously Managing Director BPUI Heri Sunaryadi BPUI's new estimates of debt will be fully paid in the year 2026, ie 20 years since the cut-off as of December 31, 2006.

The scheme is still awaiting approval from the Ministry of Finance dividing installment in the four periods. That is, USD 12.5 billion per year for 2010-2013, USD 25 billion per year for 2014-2018, USD 75 billion per year for 2019-2023, and Rp 133 billion per year for 2024-2026.

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