Urgent.News

What's breaking now, across thousands of outlets.

Business

Pos Indonesia delays salaries due to Rp 158b in unpaid govt receivables

In July, Pos Indonesia also missed a payment of Rp 24.12 billion on the sixth periodic return of its Sustainable Ijarah Sukuk I Phase I 2024.

Pos Indonesia delays salaries due to Rp 158b in unpaid govt receivables

Pos Indonesia, the state-owned postal company, is grappling with significant financial challenges as it struggles to pay salaries to its 31,000 active employees due to unpaid government receivables totaling Rp 158 billion (US$8.9 million). House of Representatives Commission VI chairwoman Anggia Ermarini emphasized that securing these salaries, which are due by September 1, should be the company's top priority.

This urgent financial matter has prompted a request to the Finance Ministry, with lawmakers closely monitoring the situation. The social affairs ministry's audit revealed that the outstanding receivables were intended for employee salaries. Commission VI is also pushing for broader financial restructuring within the company, urging Pos Indonesia's management, employees, and state asset fund Danantara to address the underlying financial issues.

Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thejakartapost.com →

More in Business

More from Thursday 27 August →