TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
State-owned enterprises book Rp 200 trillion in profits
Cooperation among SOEs had improved efficiency.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
State-owned Enterprises Minister Rini Soemarno (tribunnews.com/File)
S
tate-Owned Enterprises (SOEs) Minister Rini Soemarno has expressed her appreciation for the significant increase in SOEs’ profits, which had grown by Rp 57 trillion (US$4.04 billion) in the last five years.
“When I was appointed minister, SOEs booked Rp 143 trillion in [combined] profits. With the hard work of all SOEs, profits increased to Rp 200 trillion in 2018. So I express my gratitude,” she said during the LinkAja Festival in Sidoarjo, Central Java, on Sunday as quoted by Antara.
LinkAja is a newly launched electronic financial service established by a number of SOEs, mostly state-owned lenders.
She said cooperation among SOEs had improved efficiency. Therefore, she believed SOEs’ profits could increase to Rp 500 trillion through closer cooperation.
“It is the responsibility of the millennial generation [to boost the profits of SOEs],” she said.
Rini said LinkAja was an example of collaboration among SOEs in response to the increasing demand of electronic financial services. She said LInkAja should be able to compete with similar services operated by private companies.
LinkAja initially focused on serving employees of SOEs, however, LinkAja’s app has been downloaded 25 million times. (bbn)
