JAKARTA - Danantara Indonesia has started to carry out a major agenda for streamlining SOEs in 2026.
Through the merger and consolidation scheme, it is expected that the number of state-owned enterprises will shrink.
Danantara's Chief Operating Officer (COO), Dony Oskaria, said the merger step was taken with the aim of leaving 300 SOEs with large capacities in each sector.
"So we hope that in the future, the 300 companies owned by SOEs will be companies that are quite significant in scale to compete, have financial capabilities, and also human capabilities," said Dony in Jakarta, Tuesday, February 10.
Dony said one of the largest consolidations was carried out in the PT Telkom Indonesia (Persero) Tbk Group. From around 66 companies under the Telkom Group, Danantara will streamline them to only a dozen entities with a focus on four main business lines.
The four units include the telecommunications business through Telkom Indonesia, the fiber optic business through InfraCo, the tower business through Mitratel, and the data center business. In addition, a supporting company will be formed for the infrastructure of the four units.
"Later, everything from the bottom will be incorporated upwards. This will cut down on the many inefficiencies that have occurred so far," said Dony.
According to Dony, the streamlining also targets the PT Semen Indonesia (Persero) Tbk Group. Danantara ensures the closure of 17 cement companies that are considered no longer relevant to the future business strategy.
"I have to convey this to the public, so that the public also knows that we are solving all the problems of state-owned enterprise management," he said.
Dony said a similar step was implemented in the PT Pupuk Indonesia (Persero) Group. Of the total 47 subsidiaries, the majority will be consolidated so that only a few core entities remain focused on national fertilizer production.
"Fertilizer is also like that, we have 47 companies, subsidiaries of fertilizer, this will also be exhausted. Because there will be consolidation, so that later there will only be a few fertilizer companies that actually produce our fertilizer," said Dony.
Not only that, Dony said the state-owned insurance sector was also on the agenda for streamlining. From 15 insurance companies, only three entities will remain, each for life insurance, general insurance, and credit insurance.
"Our insurance from 15 will become three. One life insurance, one general insurance, and one credit insurance," said Dony.
Danantara will also unite all BUMN asset management businesses into one company.
Meanwhile, in the logistics sector, 21 companies will be merged into a new entity designed as the Danantara Logistic Company.
PT Pos Indonesia (Persero) is prepared to become the anchor of the logistics holding, considering the ownership of extensive distribution network assets.
"They have many distribution outlets. There are approximately 4,000 outlets owned by PT Pos. They will be anchors. They will be the anchor of the merger of our 21 logistics companies," explained Dony.
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