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Indonesia: BPJS ketenagakerjaan, (Social Security Agency), to invest more in property sector

Satria Sambijantoro, The Jakarta Post, Jakarta | Business | Wed, April 08 2015, 9:11 AM

BPJS Ketenagakerjaan, the social security administering body for  workers, said it would allocate more of its assets to the property sector  to meet the growing need for housing among domestic employees. The main purpose of this increase (from 5 to 30 percent) is to facilitate domestic workers access to housing. The investment is in form of home construction and down payment assistance for employees.

“Workers that could not afford it alone, could use their [BPJS] funds to build or buy houses, or finance their low-cost apartments,” the coordinating Economic Minister Sofyan Djalil said.

“Workers that could not afford it alone, could use their [BPJS] funds to build or buy houses, or finance their low-cost apartments,” the minister said after his meeting with Elvyn. - See more at: http://www.thejakartapost.com/news/2015/04/08/top-pension-fund-invest-more-property.html#sthash.dPcbzjmH.dpuf
“Workers that could not afford it alone, could use their [BPJS] funds to build or buy houses, or finance their low-cost apartments,” the minister said after his meeting with Elvyn. - See more at: http://www.thejakartapost.com/news/2015/04/08/top-pension-fund-invest-more-property.html#sthash.dPcbzjmH.dpuf
“Workers that could not afford it alone, could use their [BPJS] funds to build or buy houses, or finance their low-cost apartments,” the minister said after his meeting with Elvyn. - See more at: http://www.thejakartapost.com/news/2015/04/08/top-pension-fund-invest-more-property.html#sthash.dPcbzjmH.dpuf

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Media

10.04.2015 - Gregoire Yameogo
Indonesia