JAKARTA - Danantara's Chief Operating Officer (COO), Dony Oskaria, conveyed the latest news regarding the restructuring of BUMN works. He said the restructuring of the BUMN sector is a must.
"It will be done, of course. Because there is a need for us to restructure our work, right," said Dony, met at the Office of the Coordinating Ministry for Food, Jakarta, quoted Friday, July 18.
Dony also revealed that there are several options currently being studied. Starting from mergers between one and another, to consolidation to other businesses.
Later there may be several options. Among them are consolidation in the form of other businesses. There is also in the form of a merger and unification of several things for our BUMN Karya," he said.
Even so, the Deputy Minister of SOEs explained that he could not confirm which option was chosen. However, he emphasized that the restructuring of BUMN works is a must.
"It's being discussed (for example). There are several options, right. But the most certain thing is that we have to make our BUMN of health," he said.
For your information, the Ministry of SOEs plans to merge or merge state-owned companies in the work sector from seven to three companies.
The seven SOEs are PT Hutama Karya (Persero), PT Waskita Karya (Persero), PT PP (Persero), PT Wijaya Karya (Persero) or WIKA, PT Brantas Abipraya (Persero), PT Adhi Karya (Persero) and PT Nindya Karya (Persero).
Waskita Karya is planned to be merged with Hutama Karya (HK). Later, Hutama Karya will become the parent company. Then, Wijaya Karya will be merged with PT PP. Meanwhile, Brantas Abipraya will merge with Adhi Karya and PT Nindya Karya.
Challenges Of SOE Mergers
Previously, the President Director of PT Pembangunan Perumahan (Persero) Tbk (PTPP) Novel Arsyad said, there were a number of challenges that led to the slow merger process with PT Wijaya Karya (Persero) Tbk (WIKA). One of the causes of the slow merger is the results of the evaluation of each company.
According to Novel, currently the merger process is still being processed at the Investment Management Agency (BPI) Daya Anagata Nusantara (Dantara). Danantara has also instructed the State-Owned Enterprises (BUMN) Karya to conduct an evaluation.
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"It's still being processed in Danantara. Danantara is still running. All state-owned construction companies are asked to evaluate the condition of their respective companies. Well, later it will be with consultants, combined, whatever has to be done. (The point is) it's still in process," Novel said when met at the Parliament Complex, Senayan, Jakarta, Tuesday, July 15.
Novel said the evaluation included the financial performance of BUMN Karya, such as debt to project work. According to him, these issues need to be synchronized to anticipate other problems.
"Yes, if I say for sure, right, this company has more and less problems. There are projects, all kinds of things, right. It must be synchronized as to what, so if for example A joins B, or B joins C, it is based on the things reviewed by the consultant earlier. There are many factors, "said Novel.
When asked further, whether the BUMN Karya merger process could be completed this year, Novel could not confirm yet.
"Maybe (tilt), God willing," he concluded.
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