IDNEWSNOW.COM, Jakarta – The State-Owned Enterprises Ministry has actually fired Fuad Rizal from his position as finance director of Garuda Indonesia (GIAA). Fuad is changed by the airline company’s business advisor, Prasetio.
His termination was chosen in an Extraordinary General Fulfilling of Investors (EGMS) today, November 20.
The flagship carrier’s president commissioner Triawan Munaf validated the news. He said that the reason for Fuad’s termination was due to the fact that it was requested as such by shareholders.
” It was a request from the Dwiwarna Series-An investor, represented by SOE Minister,” Triawan informed Pace, Friday, November 20.
The EGMS also went over government loans and changes in the company’s management structure. In November, Finance Minister Sri Mulyani stated that the disbursements of government loans for SOEs will begin this month, no behind the third week of November.
To Garuda, the federal government will offer loan funds of Rp8.5 trillion in the type of government financial investment. As it is not a State Capital Placement (PMN), Garuda should return it to the State within a proposed tenor of 3 years.
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