Academics and DPR Support Danantara to Streamline SOEs

DENPASAR - Academics and a number of members of the Indonesian House of Representatives support Danantara's move to streamline SOEs, but with notes.

"The point is to straighten, then restructure, streamline, all of this is good intentions, we must support it, but I remind you that at the end of this, it should not stop at financial performance with good financial statements," said Researcher Nagara Institute/LPEM FEB University of Indonesia Mohamad Dian Revindo.

Dian in Denpasar, Bali, Wednesday, said from the round table discussion between researchers, legislators, and academics, they all unanimously recommended that the streamlining of SOEs should ultimately not only be efficient but also have a greater impact on society.

More than 700 business entities that are to be cut or married to carry out government duties, namely to provide greater income to the state, to become development agents in underdeveloped areas and sectors, to provide public services, and to partner with small and medium enterprises.

"Therefore, we hope that there must be a clear separation between SOEs which will later seek income for us and SOEs which carry out development tasks, so that later the measure will not be biased, if the goal is clear, the strategy for healing it will also have an impact," said Dian Revindo.

For SOEs that are merged, researchers believe that the government or Danantara needs to differentiate strategies because each SOE's business is different.

"The value of the company comes from where, if the value of another company that is a competitor is combined, okay, for example, a hotel with a hotel, but if its value comes from its parent, it can only work if it is vertical," he said.

Chairman of Commission XI of the Indonesian House of Representatives, Mukhamad Misbakhun, also considered President Prabowo's move to ask Danantara to streamline SOEs to be very rational.

According to him, thousands of SOEs in Indonesia have taken too much space for the public or private sector, they have taken projects down to the smallest regional level.

"Does having a hotel have an important production branch for the country? Then there are SOEs building apartments so developers, is that an important production branch for the country? If I were a developer, I wouldn't want to pay taxes because I have to compete with SOEs whose capital comes from the taxes I pay," he said.

The Council is actually happy when the government wants to solve the problem of SOEs that are too deep to damage the market, not to mention in a program or project that is taken by business entities, they will use their children to fill every need.

This resulted in the community's businesses not getting a share because they had to compete with SOEs that received capital injections from the state.

Member of Commission VI of the Indonesian House of Representatives and Bali legislator Gde Sumarjaya Linggih added that with this streamlining step, new business actors from HIMPI, Kadin, and others will emerge, not continuously BUMN subsidiaries that dominate the market.