JAKARTA - President Joko Widodo (Jokowi) has signaled that he will continue the plan to merge a number of State-Owned Enterprises (BUMN) into one holding company or known as holdingization.
Furthermore, Jokowi reasoned that with the holding of the state companies that joined in it had great power. According to him, this is more profitable than small companies with large numbers. Therefore, Jokowi wants other state-owned companies to form holdings.
"This is what we hope for other companies as well. Don't let it spread out in small pieces, so that its strength becomes minimal, both in terms of financial capital. If you join like this the strength will be great," he said at the Inauguration of the Merger of Pelindo and Multifunction Terminal Wae Kelambu, quoted from the YouTube Setpres, Thursday, October 14.
As is known, in recent years, the Jokowi government has been very aggressive in forming BUMN holdings. The government feels the need to unite a number of state-owned companies in the same cluster. Holdings aim to strengthen the company's ability to increase capital to develop its business in the future.
A number of state-owned holdings that have been formed include forestry holdings, mining holdings, pharmaceutical holdings, plantation holdings, tourism holdings and most recently a port holding.
Therefore, Jokowi also appreciated the performance of SOE Minister Erick Thohir who was able to complete the merger of Pelindo I, II, III, and IV companies into port holdings. The new name for the state-owned company after the merger is PT Pelabuhan Indonesia (Persero) or Pelindo.
The former governor of DKI Jakarta said that the Ministry of BUMN as a shareholder has also set a target for container terminals belonging to the Pelindo Group to be included in the 8 largest terminals in the world.
As the main operator of a number of ports in Indonesia, the presence of four companies in one new holding is also considered capable of providing integrated and standardized services. Where, the service at one port will be the same as the other port.
"So once again I really appreciate what has been done by the BUMN minister and his staff. This will become a great strength," he said.
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