PREMIUMCorruption, mismanagement rampant within SOEs because of lack of oversight: Watchdogs

first_imgDespite the important role the government has bestowed upon state-owned enterprises (SOEs) for driving the country’s economic growth, corruption and mismanagement remain rampant because of a lack of proper oversight.     State-owned insurer PT Jiwasraya, which has made headlines in recent months, is only the most recent example. The company has failed to pay customers trillions of rupiah for matured policies due to financial troubles.According to the Attorney General’s Office, alleged corruption and investment mismanagement within the company have resulted in Rp 13 trillion (US$910 million) in state losses.The downfall of the state-owned insurer follows the poor performance of steelmaker PT Krakatau Steel last year, when the company found itself in a dire financial situation, leading to the Corruptio… Forgot Password ? LOG INDon’t have an account? Register here Facebook Google Linkedin Log in with your social account corruption SOEs BUMN KPK AGO Jiwasraya Garuda-Indonesia Krakatau-Steel Topics :last_img read more

Football: Chelsea complete signing of keeper Rob Green

first_imgAdvertisementChelsea have completed the signing of veteran former England goalkeeper Rob Green on a one-year deal.The 38-year old keeper is likely to be the third-choice keeper behind Thibaut Courtois and Willy Caballero.This is what he said to Chelsea’s official website:“It has been a whirlwind 24 hours. You are thinking about your career and where you want to go and then you get a phone call like this, and it is a short conversation.“It has been a pretty dramatic time for me and I can’t wait to get started. I am absolutely delighted and it is a thrill and an honour to be here.”Green has won 12 England caps in a period between 2005 and 2012 and represented his country at the 2010 World Cup.Read also: Football: Chelsea to sign Daniele Rugani?Football: Thibaut Courtois reportedly agrees move to Real Madrid Advertisementlast_img read more