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View all search resultsBUMN
Opinion 5 months ago
PREMIUM
Analysis: RI revises SOE Law, transforming ministry into regulatory agency
Indonesia has again amended Law No. 1/2003 on State-Owned Enterprises (SOEs), formally transforming the SOEs Ministry into the SOEs Regulatory Agency (BP BUMN). The amendment marks a significant shift in governance, transferring the ministry’s operational authority to the Daya Anagata Nusantara (Danantara) Investment Management Agency, while BP BUMN will retain a purely regulatory role. In effect, the change consolidates Danantara’s control over the management of SOEs, as its Chief Operating Officer, Dony Oskaria, has been appointed to concurrently lead BP BUMN, aligning the two institutions’ operational and oversight functions.
Politics 1 year ago
Lawmaker says active military staff won't be placed in state companies
Budi Djiwandono, the deputy chief of committee overseeing the military law bill at the House of Representatives, made the statement at an event held by the finance regulator after a plunge in markets on Tuesday.
Regulations 1 year ago
PREMIUM
Govt mulls merging Pertamina subsidiaries after fuel import scandal
The SOEs minister has vowed to reform Pertamina, including by possibly merging PT Pertamina Patra Niaga and PT Kilang Pertamina Internasional, two of at least three subsidiaries currently embroiled in a fraud and corruption probe by the AGO related to fuel imports in 2018-2023.
Economy 1 year ago
PREMIUM
Local contractors want in on Prabowo’s big infrastructure projects
A construction industry association has expressed hope that the incoming Prabowo administration would look to reduce the dominance of state-owned construction firms and help revive the growth of regional contractors, which were often sidelined in major development projects under President Jokowi's infrastructure drive.
Front Row 1 year ago
Raising hope in Nepal Van Java with Bakti BUMN – PNM volunteers
The Bakti BUMN Volunteers program (RBB) is a collaborative effort among state-owned enterprises (SOEs) aimed at achieving the goals of the social and environmental responsibility programs of all SOEs in Indonesia. This initiative provides an opportunity for all employees of the SOEs Ministry and SOEs to voluntarily participate in social and environmental responsibility programs.
