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Bulog appointed as holding company in food commodities
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State-Owned Enterprises Minister Rini Soemarno (second left) accompanies President Joko "Jokowi" Widodo (center) during the inauguration of Sultan Thaha Airport in Jambi on July 21. (Antara/Muhammad Iqbal)
S
tate-Owned Enterprises Minister Rini Soemarno has appointed the State Logistics Agency (Bulog) to serve as a holding company for four state-owned enterprises (SOEs) operating in the food commodity sector.
The four firms are Sang Huang Sri, Pertani, Bhanda Graha Reksa (BGR) and Perusahaan Perdagangan Indonesia (PPI).
Rini said her ministry was currently preparing the establishment of six holding companies comprising SOEs in several sectors, namely oil and gas, mining, property, infrastructure, banking industry and food commodities.
"The process is still ongoing,” she said after a limited Cabinet meeting at the State Palace on Friday.
The minister further said that in the meeting, she had discussed with her colleagues the operations of the holding companies and communicated with other state institutions.
Rini explained that state oil and gas company Pertamina would act as a holding company for SOEs in the oil and gas sector. Meanwhile, state-owned aluminium producer Indonesia Asahan Aluminium (Inalum) will be the holding company for three SOEs in the mining sector, namely Antam, Bukit Asam and PT Timah.
"There will be a holding company for SOEs in the property sector because we want to push property development, particularly cheap houses. Perumnas will be the holding company for PP and Adhi Karya," Rini explained.
She added that Danareksa would act as a holding company for the banking industry. A holding company will also be established in the infrastructure sector, focusing on efforts to speed up the development of infrastructure projects, especially toll roads.
"We need to emphasize that state shares in all of those SOEs should not be less than 51 percent in order to maintain state control," she went on. (ebf)
