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Jakarta Post

SOEs super holding establishment still a long way to go

  • Riska Rahman

    The Jakarta Post

PREMIUM
Jakarta   /   Sat, April 20, 2019   /  09:42 am
The Jakarta Post Image
Inalum president director Budi Gunadi Sadikin speaks to the press at his office in South Jakarta. (JP/Damar Harsanto)

The establishment a super holding company for state-owned enterprises (SOEs) would boost efficiency and professionalism in their day-to-day activities, yet its realization has a long way to go, says an economic expert. During the last presidential debate on April 13, incumbent President Joko “Jokowi” Widodo said he planned to establish a super holding company that would act as the ultimate parent company for all existing and upcoming holding companies in various sectors. The government has established several holding companies, each of which consist of SOEs from the same industries. Those holding companies are PT Pupuk Indonesia, which comprises state fertilizer companies; PT Indonesia Asahan Aluminium (Inalum), which manages state mining companies; PT Pertamina, the holding company in charge of oil and gas, and a plantation holding company led by PT Perkeb...