Erick Thohir's SOE Dapen Restructuring Solution: Injection Of Aid Funds

SOE Minister Erick Thohir. (Photo: Mery Handayani/VOI)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir revealed the steps to make the management of state-owned companies healthy.

Especially for the problem, state-owned companies must inject aid funds.

Furthermore, Erick said, the government cannot inject the funds because it belongs to a state-owned company, not its own.

"The owner is not a government, the owner is the SOE, he must top up. If it's a year, it's clean, if it's paid in 2-3 years, it can be finished," Erick said at a press conference at the Ministry of SOEs, Jakarta, Tuesday, December 19.

However, continued Erick, the injection of aid funds must be accompanied by policy management and investment that pays attention to the Good Corporate Governance (GCG) aspect. The reason is, retired SOEs only have access to their funds that are safe and can be enjoyed in old age.

Mereka (pensiunan) berharap keamanan, bukan hanya return yang besar hanya untuk mereng- goreng saham. Mereka bisa beli Surat Utang Negara (SUN) 10-15 tahun dengan return 5 hingga 8 persen cukup daribaliturn 20 persen tiga bulan, setelah itu 6 bulan, 9 bulan, 12 bulan, dananya hilang, ucapnya.

Funds Of IDR 12 Trillion Needed

Erick said, the total need for injection funds for all problematic SOEs was quite large. In fact, the total could reach IDR 12 trillion.

However, this injection of funds can be carried out in stages and is completed no later than 2 to 3 years.

"But if there is a problem of beingACHflowed, that's another problem that must be solved again," he said.

Furthermore, Erick said, in the future the management who manages BUMN pension funds must really be someone who understands finances and is not a retired SOE.

"Well, this is what we want with the same policy so that they don't want to. And I push financial management, and I have to be someone who understands finances, not retirees," he said.

In addition, Erick warned that pension funds should not be used as corruption land by irresponsible people, by making fraudulent investments on the grounds of finding high returns.

"They are retirees, the important thing is safe. Therefore, the management is also not that I am anti-retiring, but retirees can supervise, that's their money. However, it is managed according to their experts," he said.