24 Jun 2009

State-Owned Enterprises told to stick to core business

2:00 pm on 24 June 2009

State-Owned Enterprises Minister Simon Power says he expects SOEs to stick to their core business during the recession.

Mr Power told Parliament's Finance and Expenditure Select Committee on Wednesday that SOEs have to make the same sort of savings as Government departments and households to make ends meet.

Later, he said the emphasis now is on SOEs doing what they are supposed to be doing, very well.