2015 State-Owned Enterprises (SOEs) Assets Grew by 19 Percent

Economics & Macro

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12/08/2016 15:48 WIB

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State-Owned Enterprises (SOEs) Assets 2010-2015

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State-Owned Enterprises (SOEs) Assets 2010-2015

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In 2015, the total assets of State-Owned Enterprises (SOEs) grew by 19.1 percent to Rp 5,449 trillion from Rp 4,557 trillion in the previous year. Improved performance and asset revaluation by several companies enabled the total assets of these state-owned companies to surpass Rp 5,000 trillion for the first time. Furthermore, by the end of 2016, the total assets of SOEs were targeted to grow by 17 percent to Rp 6,420 trillion.

To enhance synergy among state-owned companies, the government has developed a roadmap for the establishment of holding companies and super holding companies. The Ministry of SOEs' Annual Report outlines 15 industrial groups to be formed, including: Energy Security, Logistics and Trade, Healthcare Services, Maritime Economy, and People's Economy.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."