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Jakarta Post

Erick Thohir establishes morals as ministry's core value amid 53 legal cases against SOEs

  • Eisya A. Eloksari

    The Jakarta Post

Jakarta   /   Thu, July 2, 2020   /   09:50 am
Erick Thohir establishes morals as ministry's core value amid 53 legal cases against SOEs State-Owned Enterprises Minister Erick Thohir. (JP/Seto Wardhana)

State-Owned Enterprises Minister Erick Thohir said he wanted akhlak (morals) to become the ministry’s core value amid a rising number of legal cases within some SOEs. The ministry also launched a new logo on Wednesday, citing that the new core value and logo were part of the ministry’s bureaucratic reform.

Akhlak is important to have as a core value because there are currently 53 legal cases against some of our state-owned enterprises and we do not want more cases,” he said in a broadcast keynote speech. “This transformation is not just lip service.”

Some of the country’s state-owned enterprises have been in the spotlight for graft cases and lawsuits.

Recently, the Corruption Eradication Commission (KPK) detained PT Dirgantara Indonesia's former president director and former commerce director as suspects in an aircraft manufacturing graft case. Meanwhile, state-owned insurer Jiwasraya has been investigated for allegedly mismanaging Rp 16 trillion in investment.

Read also: Seven companies to relocate facilities to Indonesia, invest $850m

Erick went on to say that the SOE Ministry was also doubling down on efficiency and good corporate governance by slimming down clusters and reshuffling employees.

Previously, the minister slashed the number of SOE business clusters to 14 from 27. He also shuffled the PLN board of directors as well as replacing PT KAI's president director as part of his plan to restructure major state companies.  

He said the ministry must ensure it carries out strategic projects such as those in Batang, Central Java. The ministry did not specify the projects in Batang, but there are several ongoing projects such as a hydropower plant and Batang Industrial Park. (eyc)