Minister Of SOEs: Red Plate Companies Can Change Business Models Faster

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

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir said the process of changing the state-owned company's business model is now much faster in line with the issuance of Law (UU) Number 1 of 2025.

This was conveyed by Erick in response to the change of PT Indra Karya (Persero) to PT Agrinas Palma Nusantara (Persero).

Erick explained that with the new BUMN Law, Indra Karya, which initially focused on conducting consulting services, transformed into Agrinas and opened business expansion in the oil palm plantation sector.

"In the new SOE law where this ministry has accelerated wisdom to merged, close, replace business models for all SOEs with fast times," Erick said at the BUMN Ministry office, Jakarta, Friday, March 14.

Erick said that previously the process of disbanding state-owned companies and changing business models took a long time.

For example, continued Erick, the case of disbanding PT Pembangunan Armada Niaga Nasional (PT PANN) which was carried out in October 2024. He said the company could finally be closed after undergoing a long review process.

"If you remember when I reviewed PANN, yesterday it could only be closed, October it was PT PANN. It took a long time. Now we have that flexibility. This is what we are now with this law, we can accelerate it," he said.

For your information, previously the Attorney General's Office (AGO) had handed over confiscated palm oil land from the corruption proceeds of PT Duta Palma covering an area of 221,000 hectares (ha) to the Ministry of State-Owned Enterprises (BUMN).

The land was handed over through the signing of evidence of oil palm plantations carried out by Attorney General ST Burhanuddin and SOE Minister Erick Thohir.

Then, the Ministry of SOEs also handed over the management of the 221,000 ha oil palm plantation to PT Agrinas Palma Nusantara (Persero).

Junior Attorney General for Special Crimes (Jam Pinsus) Febrie Ardiansyah said his party had entrusted the confiscated assets to protect evidence in line with the ongoing legal process.

The legal process takes time. So we don't want the quality of this evidence to go down. We don't want there to be uncertainty in the thousands of workers. There are quite a lot of workers (in oil palm plantations on confiscated land)," he said at the Danareksa Tower, Jakarta, Monday, March 10.

Febrie said the Attorney General's Office hopes that by entrusting the confiscated assets, the company's operations can run normally so that employees can still work.

The business process for oil palm plantations, which is evidence in the Duta Palma group, can continue its business. His good work relationship, his productivity is maintained and most importantly regarding his safety," he said.