The Office of the President-elect has stated that the transitional committees have noticed that the cash flow of state-owned companies (SOEs) is being hampered due to delays in receiving funding for implementing government projects.
At a press conference, Spokesperson Mohamed Firuzul said that the Office of the Presidential-elect is receiving the full cooperation of SOEs and ministries during the transitional phase. He also said that the committees are noting many concerns in the information they receive, including companies not receiving the necessary funding from the government for implementing projects.
Additionally, Spokesperson Firuzul said that the cash flow problem is an indication that the SOEs are not being run efficiently, adding that they will need a cash injection in the next two months. He also said that the new administration will work to find a permanent solution to this issue.
Furthermore, Spokesperson Firuzul said that government institutions formed under the ministries have trouble fulfilling their responsibilities due to political influence. He added that this is also a point of concern that the new administration will need to resolve.