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ANT, Fitri Novia Heriani, Jazmi Adlan Bohari
The plan for the acquisition of PT. Bank Tabungan Negara Tbk (BTN) by PT Bank Mandiri (Mandiri) is causing much controversy both within the banks themselves and also amongst related stakeholders.
In recent weeks some employees of BTN organized massive rallies as they fear that the acquisition will ultimately result in terminations and a drastic reduction in the number of employees.
As both BNI and Mandiri are state-owned banks, the Government through Cabinet Secretary Dipo Alam, has requested that the acquisition be postponed and be implemented after the presidential election.
Mr. Alam said that he has sent a letter to the Ministry of State-owned Enterprises (BUMN), the Executive Directors of BTN and Mandiri, the Minister of Finance, and the Coordinating Ministry for the Economy.
In support of a delay of the acquisition , the Indonesian Chamber of Commerce (KADIN) has also urged the Government to suspend the acquisition plan. Natsir Mansyur, Deputy Chairman of KADIN, said that BTN’s role in the housing industry has a broad impact on the national economy and regional economies.
BTN itself is the main source of housing loans, especially for low income earners, estimated to extend to around 15 million housing units.
“BTN’s core business is housing loans and that focus will broadly impact on the property industry and the economy in general,” said Mr. Mansyur in Jakarta last Wednesday.
Mr. Mansyur said that the acquisition plan will create a slowdown in regional housing development. Based on that consideration, he hopes the Government will suspend the acquisition plan particularly as BTN is the only bank with a role in developing housing for low income earners.
“It is up to the Government whether or not to execute the plan. But, the Government needs to listen to the related stakeholders who are against the acquisition plan,” Mr. Mansyur said.
Eddy Hussy, Chairman of Real Estate Indonesia (REI), sees the BTN-Mandiri acquisition plan as a step backward because he believes Indonesia needs a specialized bank like BTN for the low income earner sector to support the stability of the national economy.
“The Government should promote this specialized bank instead of reducing it,” said Mr. Hussy.
If the BTN-Mandiri acquisition is realized, there is no guarantee from the Government that the housing loans program will continue. Further, Mr. Hussy said that the Government should prioritize the Bill of Public Housing Savings, which he believes will help both housing financing and BTN.
“The House should focus on the bill first. If the bill is successfully passed, it will be a great help for housing loans,” he said.
Meanwhile, Dahlan Iskan, the Ministry of BUMN, and also the main proponent of the acquisition plan, said that he will follow whatever the Government decides. However, he stressed that the acquisition plan has been thoroughly analyzed.
“I cannot accept them saying the acquisition plan has been made without proper study and analysis,” said Mr. Iskan. .
(hot/kc)
The plan for the acquisition of PT. Bank Tabungan Negara Tbk (BTN) by PT Bank Mandiri (Mandiri) is causing much controversy both within the banks themselves and also amongst related stakeholders.
In recent weeks some employees of BTN organized massive rallies as they fear that the acquisition will ultimately result in terminations and a drastic reduction in the number of employees.
As both BNI and Mandiri are state-owned banks, the Government through Cabinet Secretary Dipo Alam, has requested that the acquisition be postponed and be implemented after the presidential election.
Mr. Alam said that he has sent a letter to the Ministry of State-owned Enterprises (BUMN), the Executive Directors of BTN and Mandiri, the Minister of Finance, and the Coordinating Ministry for the Economy.
In support of a delay of the acquisition , the Indonesian Chamber of Commerce (KADIN) has also urged the Government to suspend the acquisition plan. Natsir Mansyur, Deputy Chairman of KADIN, said that BTN’s role in the housing industry has a broad impact on the national economy and regional economies.
BTN itself is the main source of housing loans, especially for low income earners, estimated to extend to around 15 million housing units.
“BTN’s core business is housing loans and that focus will broadly impact on the property industry and the economy in general,” said Mr. Mansyur in Jakarta last Wednesday.
Mr. Mansyur said that the acquisition plan will create a slowdown in regional housing development. Based on that consideration, he hopes the Government will suspend the acquisition plan particularly as BTN is the only bank with a role in developing housing for low income earners.
“It is up to the Government whether or not to execute the plan. But, the Government needs to listen to the related stakeholders who are against the acquisition plan,” Mr. Mansyur said.
Eddy Hussy, Chairman of Real Estate Indonesia (REI), sees the BTN-Mandiri acquisition plan as a step backward because he believes Indonesia needs a specialized bank like BTN for the low income earner sector to support the stability of the national economy.
“The Government should promote this specialized bank instead of reducing it,” said Mr. Hussy.
If the BTN-Mandiri acquisition is realized, there is no guarantee from the Government that the housing loans program will continue. Further, Mr. Hussy said that the Government should prioritize the Bill of Public Housing Savings, which he believes will help both housing financing and BTN.
“The House should focus on the bill first. If the bill is successfully passed, it will be a great help for housing loans,” he said.
Meanwhile, Dahlan Iskan, the Ministry of BUMN, and also the main proponent of the acquisition plan, said that he will follow whatever the Government decides. However, he stressed that the acquisition plan has been thoroughly analyzed.
“I cannot accept them saying the acquisition plan has been made without proper study and analysis,” said Mr. Iskan. .
(hot/kc)
ANT, Fitri Novia Heriani, Jazmi Adlan Bohari
The plan for the acquisition of PT. Bank Tabungan Negara Tbk (BTN) by PT Bank Mandiri (Mandiri) is causing much controversy both within the banks themselves and also amongst related stakeholders.
In recent weeks some employees of BTN organized massive rallies as they fear that the acquisition will ultimately result in terminations and a drastic reduction in the number of employees.
As both BNI and Mandiri are state-owned banks, the Government through Cabinet Secretary Dipo Alam, has requested that the acquisition be postponed and be implemented after the presidential election.
Mr. Alam said that he has sent a letter to the Ministry of State-owned Enterprises (BUMN), the Executive Directors of BTN and Mandiri, the Minister of Finance, and the Coordinating Ministry for the Economy.
In support of a delay of the acquisition , the Indonesian Chamber of Commerce (KADIN) has also urged the Government to suspend the acquisition plan. Natsir Mansyur, Deputy Chairman of KADIN, said that BTN’s role in the housing industry has a broad impact on the national economy and regional economies.
BTN itself is the main source of housing loans, especially for low income earners, estimated to extend to around 15 million housing units.
“BTN’s core business is housing loans and that focus will broadly impact on the property industry and the economy in general,” said Mr. Mansyur in Jakarta last Wednesday.
Mr. Mansyur said that the acquisition plan will create a slowdown in regional housing development. Based on that consideration, he hopes the Government will suspend the acquisition plan particularly as BTN is the only bank with a role in developing housing for low income earners.
“It is up to the Government whether or not to execute the plan. But, the Government needs to listen to the related stakeholders who are against the acquisition plan,” Mr. Mansyur said.
Eddy Hussy, Chairman of Real Estate Indonesia (REI), sees the BTN-Mandiri acquisition plan as a step backward because he believes Indonesia needs a specialized bank like BTN for the low income earner sector to support the stability of the national economy.
“The Government should promote this specialized bank instead of reducing it,” said Mr. Hussy.
If the BTN-Mandiri acquisition is realized, there is no guarantee from the Government that the housing loans program will continue. Further, Mr. Hussy said that the Government should prioritize the Bill of Public Housing Savings, which he believes will help both housing financing and BTN.
“The House should focus on the bill first. If the bill is successfully passed, it will be a great help for housing loans,” he said.
Meanwhile, Dahlan Iskan, the Ministry of BUMN, and also the main proponent of the acquisition plan, said that he will follow whatever the Government decides. However, he stressed that the acquisition plan has been thoroughly analyzed.
“I cannot accept them saying the acquisition plan has been made without proper study and analysis,” said Mr. Iskan. .
(hot/kc)
The plan for the acquisition of PT. Bank Tabungan Negara Tbk (BTN) by PT Bank Mandiri (Mandiri) is causing much controversy both within the banks themselves and also amongst related stakeholders.
In recent weeks some employees of BTN organized massive rallies as they fear that the acquisition will ultimately result in terminations and a drastic reduction in the number of employees.
As both BNI and Mandiri are state-owned banks, the Government through Cabinet Secretary Dipo Alam, has requested that the acquisition be postponed and be implemented after the presidential election.
Mr. Alam said that he has sent a letter to the Ministry of State-owned Enterprises (BUMN), the Executive Directors of BTN and Mandiri, the Minister of Finance, and the Coordinating Ministry for the Economy.
In support of a delay of the acquisition , the Indonesian Chamber of Commerce (KADIN) has also urged the Government to suspend the acquisition plan. Natsir Mansyur, Deputy Chairman of KADIN, said that BTN’s role in the housing industry has a broad impact on the national economy and regional economies.
BTN itself is the main source of housing loans, especially for low income earners, estimated to extend to around 15 million housing units.
“BTN’s core business is housing loans and that focus will broadly impact on the property industry and the economy in general,” said Mr. Mansyur in Jakarta last Wednesday.
Mr. Mansyur said that the acquisition plan will create a slowdown in regional housing development. Based on that consideration, he hopes the Government will suspend the acquisition plan particularly as BTN is the only bank with a role in developing housing for low income earners.
“It is up to the Government whether or not to execute the plan. But, the Government needs to listen to the related stakeholders who are against the acquisition plan,” Mr. Mansyur said.
Eddy Hussy, Chairman of Real Estate Indonesia (REI), sees the BTN-Mandiri acquisition plan as a step backward because he believes Indonesia needs a specialized bank like BTN for the low income earner sector to support the stability of the national economy.
“The Government should promote this specialized bank instead of reducing it,” said Mr. Hussy.
If the BTN-Mandiri acquisition is realized, there is no guarantee from the Government that the housing loans program will continue. Further, Mr. Hussy said that the Government should prioritize the Bill of Public Housing Savings, which he believes will help both housing financing and BTN.
“The House should focus on the bill first. If the bill is successfully passed, it will be a great help for housing loans,” he said.
Meanwhile, Dahlan Iskan, the Ministry of BUMN, and also the main proponent of the acquisition plan, said that he will follow whatever the Government decides. However, he stressed that the acquisition plan has been thoroughly analyzed.
“I cannot accept them saying the acquisition plan has been made without proper study and analysis,” said Mr. Iskan. .
(hot/kc)