MANADO (Yosefardi) – State owned postal service firm PT Pos Indonesia plans to develop hotel business in Manado and Makassar, Sulawesi along with growing tourists visit in that two places.
Prihadi MR, head of retail and property area of PT Pos Indonesia, the hotel development plan needs approval from central office.
He said PT Pos Indonesia also plans to develop a modern market for retail business segment. PT Pos has developed its owned convenience store network named Pos Shop.
PT Pos is one of the largest employers in the country with 20,202 employees as of December 31, 2011. PT Pos also has one of the biggest networks in the country with 3,800 post offices.
PT Pos intends to launch the initial public offering (IPO), to take opportunities for other market financing schemes, including bonds. (yohanneso@yosefardi.biz)