Taspen seeks to spice up business growth of subsidiaries
State-owned pension underwriter noble metal Taspen plans to optimize its subsidiaries’ business to boost its growth this year.
One of the ways was to spice up growth of its subsidiary, Taspen Properti, by building a lot of flats for civil servants, Taspen president director Iqbal Latanro aforementioned on Sunday.
“For example, Taspen Properti is within the method of developing a functionary housing advanced. It conjointly has some offices that are rented to subsidiaries of state-owned corporations,” he aforementioned as quoted by Kompas.com.
In the half-moon of 2018, Taspen recorded total assets of Rp 232 trillion, up by eleven % year-on-year. additionally, it conjointly managed to post a big increase in profits within the initial 3 months of this year.
“Usually within the initial quarters [of every year], we tend to suffer losses. However, this year we tend to were able to record a 506 % surge in profits,” Iqbal aforementioned.
Last year, Taspen’s earnings climbed by 191 % from 2016 to Rp 171 billion.
Taspen has partnered with forty five banks and noble metal Pos state to channel payments. To date, it has 6.5 million customers.
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