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.

Jakarta Post

SOEs go full speed ahead toward African shores

  • The Jakarta Post

Jakarta   /   Fri, December 13 2019   /  02:15 am

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 ['Jokowi'] 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, PT Inka president director Budi Noviantoro said that export expansion was inevitable for the state-owned train manufacturer, because domestic demand for trains was extremely limited.He added th...