JAKARTA - The Minister of SOEs, Erick Thohir, has confirmed that 47 state-owned companies will enter the Danantara Investment Management Agency (BPI). Currently, only seven SOEs are managed by the new institution.
The seven SOEs are Pertamina, PLN, BRI, BNI, Bank Mandiri, Telkom, and MIND ID.
Erick said that cleaning up SOEs needs to be done in total and should not be half-hearted. He also mentioned the importance of the transformation that has been carried out so far.
"If you ask, Mr. Erick, why not seven, why all of them? Yes, if we want to transform the total clean-up of SOEs, not seven, all of them become one asset management," said Erick when met at Soekarno-Hatta Airport, Tangerang, Saturday, March 1, 2025.
"If we want to support the change of this nation, we can't, for example as Minister of SOEs, half-heartedly. Yes, this is seven first, this is two more first, no."
"Everything, after all, we have nothing to hide. The transformation that we have been pushing for five years has nothing to hide," he said.
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With the entry of 47 SOEs into the Danantara, Erick also explained the role of the Ministry of SOEs in the future. According to him, the Ministry of SOEs will continue to monitor state-owned companies, take action against corruption cases, and approve work plans.
He added that the Ministry of SOEs is also still supervising the operations of state-owned companies, especially those related to obligations to public services. Examples are matters concerning subsidies, compensation, to national strategic projects (PSN).
"One of them in the law is our function of supervising, taking action if there are corruption cases, approving work plans, ensuring between dividends and capital injections."
"Well, do we supervise operations? Still. Examples for what? Public service obligation," he said.
On the same occasion, Erick also mentioned the profit of SOEs which reached Rp310 trillion. He considered that profit could not be achieved if all SOEs committed corruption.
The plan is that all SOEs will be under the umbrella of Danantara which manages assets of up to 900 billion US dollars in stages.
"If it's all state-owned corruption, it's impossible to make a profit of IDR 310 trillion. So, everything will be immediately used as one under Danantara, under one large umbrella for all its assets."
"Later, the figure is 900 billion US dollars or how much, the transition is gradual. Now I (together) Mr. Rosan is really good in relation. Pak Rosan honestly used to be Deputy Minister of SOEs as well," he said.
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