In February this year, PTPTN announced that investors in SSPN Prime and SSPN Plus would receive a 3% return on their investment.
As PTPTN is part of the Ministry of Education and any investment project must be approved by the government, PTPTN chairman complained about the heavy bureaucracy in government departments, which has resulted in PTPTN often missing out on high-return investment opportunities.
PTPTN chairman cited the example of a fund manager who once offered a 4.75 per cent return on an investment project, but the PTPTN waited about five to six months before the government approved the investment. After five to six months, the economic environment had changed and the 4.75 per cent investment option may no longer be available.
