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Jakarta Post

SOEs full speed ahead toward African shores

  • News Desk

    The Jakarta Post

PREMIUM
JAKARTA   /   Thu, December 12, 2019   /  03:27 pm
The Jakarta Post Image
Bio Farma president director M. Rahman Roestan (center) points to boxes containing vaccine products at the company’s warehouse in Bandung, West Java, in this file photo.(Antara/M. Agung Rajasa)

State-owned enterprises (SOEs) in the train manufacturing, construction and pharmaceutical manufacturing sectors are striving to expand exports to nontraditional markets, especially to African countries. "President Joko Widodo has instructed [SOEs Minister] Erick Thohir to encourage our BUMN to expand their global markets," said ministerial aide Arya Sinulingga on Tuesday at the “BUMN Going Global“ seminar in Jakarta, referring to SOE by its Indonesian abbreviation. The government is encouraging SOEs to focus more on exporting to nontraditional markets while maintaining exports to their traditional markets – China, the United States and European countries. Speaking at the same event, president director Budi Noviantoro of PT Inka said that export expansion was inevitable fo...