Ministry Turns To BP BUMN, Observer: Potential For More Negative
JAKARTA - BUMN observer and Next Indonesia Center Director Herry Gunawan views the ratification of the BUMN Law which gave birth to the BUMN Regulatory Agency (BP) as not a good signal for state-owned companies.
Meanwhile, through the BUMN Law, the status of the Ministry of SOEs has changed to BP BUMN. This institution is still at the ministry level and is responsible to the President.
"The negative potential is greater," he told VOI, Friday, October 3.
According to Herry, BP BUMN was given a blank check to intervene in BUMN, because it had the authority to optimize the role of SOEs. Herry assessed that the term optimizing this was a rubber article for intervening in SOEs.
"In fact, currently there is BPI Danantara who already has a holding to oversee the management of state-owned assets and investments," he said.
Then, continued Herry, the BUMN Law has only legalized the dual positions of state officials with regulatory status, to concurrently serve as operators in BUMN. This is shown by not prohibiting Echelon 1 and below state officials from concurrently serving as BUMN Commissioners.
"This action is a conflict of interest, ethics that are highly avoided in corporate governance. The new SOE Law only prohibits Ministers and Deputy Ministers who have been stipulated by the State Ministry Law, including decisions of the Constitutional Court," he explained.
In addition, according to Herry, SOEs were returned as before Law Number 1 of 2025 concerning SOEs, which could be examined by the Supreme Audit Agency (BPK).
"Thus, SOEs will again become separated state assets, although in Law Number 1 of 2025 it has been emphasized that SOEs are private bodies, which means they are private companies," he said.
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Karena itu, Herry menilai, kehadiran BP BUMN justru akan menambah beban birokrasi baru bagi BUMN.
Sebab, memiliki kekuasaan lebih yakni sebagai regulator dan juga memiliki intervensi ke perusahaan pelat merah.
“BP BUMN ini lebih mirip sebagai Kementerian BUMN plus plus, dalam arti memiliki kekuasaan lebih. Selain sebagai regulator seperti Kementerian BUMN, juga ada kewenangan intervensi ke BUMN dengan alasan mengoptimalkan,” katanya.
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Therefore, Herry assessed that the presence of BP BUMN would actually increase the burden of the new bureaucracy for SOEs.
This is because it has more power, namely as a regulator and also has intervention in state-owned companies.
This BUMN BP is more similar as the Ministry of SOEs plus plus, in terms of having more power. Apart from being a regulator like the Ministry of SOEs, there is also the authority to intervene in SOEs on the grounds of optimizing it," he said.