"Jokowi Purchases Freeport Shares with Foreign Funds," said Prabowo's side
Liputan Net. The National Winning Body (BPN) Prabowo Subianto-Sandiaga Uno did not agree if President Joko Widodo's move to buy 51.23 percent of PT Freeport Indonesia's shares as proof that Jokowi was anti-foreign.
Prabowo-Sandi's BPN member Ahmad Riza Patria even accused Jokowi of being pro-foreign because the takeover of the shares used foreign funds.
"This is a foreign interest. It is said (the purchase of Freeport shares) that this evidence is not pro-foreign, it is actually pro-foreign because it is paid using global bonds," Riza said when met in Jakarta on Saturday.
The Deputy Chairperson of the House of Representatives Commission II said that Jokowi should be able to use national funding for this matter. Riza said that Jokowi could use the state revenue and expenditure budget (APBN), capital participation of state-owned enterprises (BUMN), local bonds, or community mobilization to buy Freeport shares.
"That is the principle if the president is trusted by the people. For those who are trusted by foreigners, this is for foreign interests," he said.
Previously, Jokowi announced the takeover of the majority of Freeport's shares by PT Indonesia Asahan Alumunium (Inalum). Inalum paid US $ 3.85 billion or around Rp. 56 trillion to Freeport McMoRan Inc. (FCX) and Rio Tinto for that.
Despite having a majority stake, the Indonesian Government still handed over management to Freeport McMoran.
"I am very confident that Indonesian engineers can, only we need to learn, one day I am sure our alumni can. Just need to learn from McMoran as the best proven underground mining operator," Inalum President Director Budi Gunadi said on Friday.
To finance the acquisition of Freeport, Inalum has issued global bonds of US $ 4 billion or around Rp58 trillion (exchange rate of Rp14,500). These global bonds are issued in four series with a choice of tenors from three to 30 years.
The bond issuance was carried out last month. Now Inalum claims to have pocketed US $ 4 billion and is ready to complete the takeover transaction of 51 percent of Freeport Indonesia's shares.
Prabowo-Sandi's BPN member Ahmad Riza Patria even accused Jokowi of being pro-foreign because the takeover of the shares used foreign funds.
"This is a foreign interest. It is said (the purchase of Freeport shares) that this evidence is not pro-foreign, it is actually pro-foreign because it is paid using global bonds," Riza said when met in Jakarta on Saturday.
The Deputy Chairperson of the House of Representatives Commission II said that Jokowi should be able to use national funding for this matter. Riza said that Jokowi could use the state revenue and expenditure budget (APBN), capital participation of state-owned enterprises (BUMN), local bonds, or community mobilization to buy Freeport shares.
"That is the principle if the president is trusted by the people. For those who are trusted by foreigners, this is for foreign interests," he said.
Previously, Jokowi announced the takeover of the majority of Freeport's shares by PT Indonesia Asahan Alumunium (Inalum). Inalum paid US $ 3.85 billion or around Rp. 56 trillion to Freeport McMoRan Inc. (FCX) and Rio Tinto for that.
Despite having a majority stake, the Indonesian Government still handed over management to Freeport McMoran.
"I am very confident that Indonesian engineers can, only we need to learn, one day I am sure our alumni can. Just need to learn from McMoran as the best proven underground mining operator," Inalum President Director Budi Gunadi said on Friday.
To finance the acquisition of Freeport, Inalum has issued global bonds of US $ 4 billion or around Rp58 trillion (exchange rate of Rp14,500). These global bonds are issued in four series with a choice of tenors from three to 30 years.
The bond issuance was carried out last month. Now Inalum claims to have pocketed US $ 4 billion and is ready to complete the takeover transaction of 51 percent of Freeport Indonesia's shares.
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