BUMN Law Inaugurated, All Assets Of Red Plate Companies Will Be Diverted To The Antara

JAKARTA - Deputy Speaker of the Indonesian House of Representatives, Sufmi Dasco Ahmad, said that the Investment Management Agency of BPI Daya Anagata Nusantara or BPI Danantara will manage and optimize all assets and investments of state-owned companies.

As is known, the Danantara was officially formed in line with the ratification of the Draft Law (RUU) on the third amendment to Law number 19 of 2003 concerning State-Owned Enterprises (BUMN) to Law (UU) in today's plenary session of the DPR RI.

"Yes, all SOEs, according to the law, all SOEs will be optimized for investment under BPI Danantara," he said at the DPR Building, Parliament Complex, Jakarta, Tuesday, February 4.

Even so, Dasco admitted that he could not further detail the contents of the newly revised SOE Law before the derivative rules in the form of Government Regulations (PP) related to Batantara were issued.

"So this is the law so that it can come out first, the PP will come out first and then so that it is clear, if it is in pieces, I'm afraid that this understanding of the BUMN Law will run away," he said.

Therefore, Dasco asked the public to wait for the BUMN and PP Law related to the Antara to be published. Thus, there is no information that is unclear regarding the agency.

"Well, that's precisely so that investors will see clearly after this bill is passed or promulgated," he explained.

Sharing Duties

Previously, it was reported that the Draft draft law (RUU) regarding the third amendment to Law Number 19 of 2003 concerning the State-Owned Enterprises (BUMN) version of the DPR stated that the Danantara Investment Management Agency (BPI) would carry out part of the duties of the Minister of SOEs in managing SOEs.

The information regarding the division of tasks is contained in the clause of Article 3D of the Problem Invetarization List (DIM) of the BUMN Bill.

"In carrying out SOE management, the Minister has delegated part of his duties and authorities to the Agency," the regulation reads, quoted Monday, February 3.

Still citing the DIM BUMN Bill, in Article 3D paragraph (5) in order to ensure dividend contribution to investment management, the Minister can place his representative in Danantara.

Then, in the clause of Article 3E, BPI Danantara's duties are emphasized in the management of SOEs. There are six points that are the main tasks of the Danantara.

The details, managing investment holding dividends, operational holdings and SOEs, approve the addition and/or reduction of capital participation in SOEs sourced from dividend management.

Furthermore, agreeing to the restructuring of SOEs includes merger, consolidation, takeover, and separation. Then, form an Investment holding, operational holding, and BUMN.

Then, approve the proposal to delete books and/or delete collections on state-owned assets proposed by the investment holding, or operational holding. Then, ratify and consult the DPR on the work plan and holding company budget.