JAKARTA - The government plans to merge or merge SOEs in the work sector from seven to three companies. This step is taken so that each company can focus on its specialities.
The seven SOEs that will be merged are PT Waskita Karya (Persero) Tbk. PT Hutama Karya (Persero), PT Brantas Abipraya (Persero), PT Nindya Karya (Persero), PT Adhi Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Pembangunan Perumahan (Persero) Tbk.
The plan is for PT Waskita Karya (Persero) Tbk to join PT Hutama Karya (Persero). Then, PT Adhi Karya (Persero) Tbk will become the holding holding holding for Brantas Abhipraya and Nindya Karya. Third, combining PT Pembangunan Perumahan (Persero) or PTPP with PT Wijaya Karya (Persero) Tbk.
Regarding the planned merger, Adhi Karya President Director Entus Asnawi revealed that his party was still waiting for a decision from the Anagata Nusantara Power Investment Management Agency (BPI Danantara). This is because this merger also involves non-open SOEs.
"Indeed, we are waiting for a decision from the Danantara on how it will be. Because in this integration there is an open Tbk company like ADHI Karya and three others. Then there are also non-Tbk ones," he said in a virtual Public Expose Live event, Monday, September 8.
Moreover, continued Entus, a number of BUMN works are also facing a difficult phase that requires policies from the Danantara. Where several companies are recorded to have large debts and losses.
"Incidentally, there are also tough situations between us, which must also get support in the form of policies and decisions from the Danantara," he said.
Even so, Entus emphasized that the merger of BUMN works is a certainty that must be carried out in order to improve financial conditions, increase competitiveness as well as optimize the competency management of each company.
"Integration is not an option for us, but this is certainty for how we can improve in the future, for example in terms of finance, then in terms of competition, then in terms of competency management that we previously had, especially those in Adhi Karya," he said.
"And we are still in the process, maybe for this Tbk because there is a lot to do with the outside parties, then maybe the process will be a little longer than the non-Tbk one," he continued.
Previously, the operational holding of the Danantara Indonesia Investment Management Agency (BPI), PT Danantara Asset Management (Persero) or DAM will continue its planned merger or merger of SOEs in the work sector this year.
Chief Operating Officer (COO) Dony Oskaria said the BUMN Karya merger plan is one of Danantara's priority agendas in the remaining five months by 2025.
"The scheme will certainly be multi, one of which must have a definite merger. So, we are reviewing the reduction of the number of BUMN Karya," said Dony at the Parliament Complex, Senayan, Jakarta, Wednesday, July 27.
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Dony explained that the BUMN Karya merger aims to form a more efficient entity and focus on the core business as a contractor. Later, only three companies will survive.
"We are still calculating, more or less, there will be three strong work companies going forward and the business is only focused on being a contractor," he said.
In addition, Dony said that later the subsidiaries of state-owned construction companies that are not directly related to business cores will be consolidated.
"So the subsidiaries who are not the contractors are some of the sources of problems that we will classify," he said.
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