"The management of state-owned companies must be based on existing management, involving the millennial generation to make progress along with them," State-Owned Enterprises Minister Rini Soemarno said on Sunday during the commemoration of the 117th anniversary of state pawnshop PT Pegadaian.

No state-owned company will suffer losses starting next year, she said.

To achieve the target, the management of state-owned companies must be willing to make changes and follow developments.

Rini said the management of state-owned companies must be digitally based and involve millennials.

On the other hand, the minister said state-owned companies must work together to make greater contributions to the national economy.

"I always stress that state-owned companies belong to the nation and therefore, they must synergize," she said was quoted by Antara.

She further underscored the need for state-owned companies to conduct digital transformation to make them more competitive.

She said many state-owned companies that were more than a year old had contributed significantly to the national economy. – JP

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