IDX Appreciates SOE Incentive Plans That Hold Corporate Actions

IDX (Photo: Antara)

JAKARTA - PT Bursa Efek Indonesia (IDX) gave its appreciation for the government's plan to provide incentives for State-Owned Enterprises (BUMN) companies that carry out corporate actions, both in the form of mergers, acquisitions, and Initial Public Offering (IPO).

IDX Director of Corporate Assessment I Gede Nyoman Yetna ensured that the IDX will be ready to accommodate every company that takes corporate action, because it can increase depth in the Indonesian capital market.

"Including in terms of readiness, IDX's person in charge is needed for consultation. So everything is done with governance of course. We really support it, because this supports from the market side of deepening (market deepening)," said Nyoman quoting Antara.

He ensured that so far the IDX has established communication with state-owned and private companies, in order to encourage the use of facilities in the Indonesian capital market.

He continued, the communication was carried out through joint research and joint study, with independent parties and several other parties, to capture information, the incentives needed, as well as the things the company needed to accommodate.

"So, hopefully later companies, both state-owned enterprises (BUMN) and private companies (private companies) can comfortably enter the capital market (capital market), and we can accommodate their needs," said Nyoman.

For information, the Ministry of Finance (Kemenkeu) plans to issue a Minister of Finance Regulation (PMK) related to tax breaks for state-owned companies that carry out corporate actions, and are targeted to be issued in December 2025.

Coordinating Minister for Economic Affairs Airlangga Hartarto said the need for special regulations related to taxes in the restructuring and consolidation of a number of state-owned companies.

"Restructuring requires regulation, adjustments from the regulation of the minister of finance regarding taxation. Well, that's what we want to solve not only for Pertamina, but for the entire process (BUMN). There is a merger, acquisition, and others," said Coordinating Minister Airlangga.

This plan is in line with President Prabowo Subianto's directives asking for 1,000 state-owned companies to be accompanied to only 200 companies, which have the potential to cause many corporate actions.

"Hopefully the PMK will be finished in December (2025)," said Airlangga.