2019, State-Owned Enterprises (SOEs) Assets Targeted at Rp 7.9 Quadrillion

Economics & Macro

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05/04/2017 16:31 WIB

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State-Owned Enterprises (SOEs) Assets and Profits 2010-2019

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2019, State-Owned Enterprises (SOEs) Assets Targeted at Rp 7.9 Quadrillion

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State-Owned Enterprises (SOEs) Assets and Profits 2010-2019

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In the Ministry of State-Owned Enterprises (SOEs) Strategic Plan 2015-2019, the target for state-owned enterprise assets was set at Rp 7.9 quadrillion (Rp 7,900 trillion). Meanwhile, the targeted profit for 118 SOEs in 2019 was Rp 764 trillion.

The Ministry of SOEs is currently preparing SOE holding companies, targeted for completion by the end of this year. These six holding companies will cover Mining, Banking and Financial Services, Housing, Construction and Toll Roads, and Food.

However, the formation of these state-owned enterprise holding companies is still facing legal obstacles. President Joko Widodo also cautioned that the formation of these SOE holding companies should be carried out carefully to avoid incurring financial burdens and, importantly, must comply with applicable regulations.

"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."