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Ministry strengthens plan to form holding companies
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State-owned Enterprises Minister Rini Soemarno (right) talks to expert staff member Budi Gunadi Sadikin before holding a press conference after a Cabinet meeting at the Presidential Office on Aug. 12. (Antara/Widodo S. Jusuf)
T
he State-owned Enterprises (SOEs) Ministry is pushing a plan to form six holding companies operating in different sectors, aimed at boosting value, debt leverage and efficiency.
SOEs Minister Rini Soemarno said on Friday that the ministry had hired a consultant to review the plan, including its potential in the long term and specific needs for the food commodities sector.
"It's still under preparation," Rini told reporters when asked about updates on the plan after a coordination meeting at the Office of the Coordinating Economic Minister in Jakarta.
The ministry earlier appointed the State Logistics Agency (Bulog) to serve as a holding company for four SOEs operating in the food commodities sector, namely Sang Huang Sri, Pertani, Bhanda Graha Reksa (BGR) and Perusahaan Perdagangan Indonesia (PPI).
She said a total of six holding companies covered the oil and gas, mining, property, infrastructure, financial and food commodities sectors, adding that state oil and gas company Pertamina acted as a holding company in the oil and gas sector.
Rini said state-owned aluminum producer Indonesia Asahan Aluminium (Inalum) was the holding company for mining industry members, such as Antam, Bukit Asam and PT Timah.
In the property sector, state construction firms Pembangunan Perumahan (PP) and Adhi Karya would be under the State Housing Company (Perumnas), while Danareksa would lead the financial sector, she added. (dan)
