The Minister Of SOEs Will Consolidate The Work Company

Ministry of SOEs (Photo: Doc. VOI)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir will make improvements to state-owned companies in the work sector. One way is by consolidating.

Erick said, the consolidation process will be divided into two segments. Small-scale SOEs will be handed over to PT Asset Management Company (PPA). Meanwhile, Danareksa is for mergers or business mergers.

"Consolidation of BUMN Karya will certainly occur, which has not yet been decided. But the framework seems to be in PPA Danareksa because of the small ones, at the merger," he said at the Ministry of SOEs, Jakarta, Wednesday, May 3.

Furthermore, Erick said that large-scale companies such as Hutama Karya (HK), Waskita Karya (WSKT), Wijaya Karya (WIKA), PT PP, and Adhi Karya are still in the process of being discussed.

If (BUMN Karya) has a large ownership system. Like Waskita and HK, it's like Bank Mandiri has BSI. Even though it's under the merger, this decision hasn't happened yet," he said.

According to Erick, the consolidation process will also be adjusted to a blueprint two years ago published by the Boston Consulting Group (BCG).

Furthermore, Erick said, the BCG report recommended that there be enough four BUMN works to have different segmentations according to others.

"So BUMN works should start from nine to four. There is an expertise here, there is a building, so not all hammers, there is already a book," he explained.