Not Making DKI Pemprov Profit, Jakpro Will Solve Problems Of Business Subsidiaries

ILLUSTRATION/DOC VOI

JAKARTA - President Director of PT Jakarta Propertindo (Jakpro) Iwan Takwin promised that his company would immediately improve the performance of its subsidiaries.

This is in response to criticism from the DPRD DKI Jakarta which considers this BUMD subsidiary to not provide benefits for the DKI Pemprov regional income.

Iwan admits that he will immediately look for the reasons why his subsidiaries continue to lose money. After that, Jakpro will find a solution to the problem.

"We are indeed trying to improve our subsidiaries that are not performing well. So until now we are looking for the disease where we cure the disease and then we give the medicine," said Iwan quoted in a written statement, Tuesday, January 24.

Iwan revealed that one of the recovery strategies is to strengthen the synergy between the parent company and its subsidiaries.

"The stages we carried out started from performance audits after that we gave challenges to our subsidiaries. So we are not standing still. We are carrying out the recovery stages," he said.

Previously, Commission C DPRD DKI Jakarta asked the Regional Owned Enterprise Development Agency (BP BUMD) to merge a number of subsidiaries owned by PT Jakpro.

There are 7 subsidiaries of PT Jakpro that have been supporting PT Jakpro's business, namely PT PMJ Land, PT Jakarta Konsultindo, PT LRT Jakarta, PT Jakarta Utilitas Propertindo, PT Jakarta Infrastructure Propertindo, Jakarta Oses Energi, PT Jakarta Solusi Lestari.

Deputy Chairman of Commission C DPRD DKI Jakarta Rasyidi assessed that until now Jakpro's subsidiaries seem to be adding to the burden on regionally owned companies because they continue to lose money.

In fact, the DKI Pemprov continues to disburse regional capital participation (PMD) through the APBD, no less than IDR 1 trillion to Jakpro every year. This was disclosed by Rasyidi in a joint working meeting between BP BUMD and Jakpro directors on Thursday, January 19.

"From their presentation, we see that there are (subsidiaries) that need to be merged. For example, there is a subsidiary whose only job is to rent houses, rent out land, that's all. So, we conveyed to the head of the BUMD BP so that if it is possible to combine them, just merge them," Rasyidi said.

According to Rasyidi, Jakpro's business scope and its seven subsidiaries are too large. Thus, according to the DPRD, Jakpro often does not focus on carrying out developments assigned by the regional government.

"Based on the results of what was conveyed by the majority of members of Commission C, in fact Jakpro has not received anything. They've only been trying for about two or three years before they're healthy. Now that's actually not healthy, not healthy from a financial point of view. This company is too big so it is not focused," said Rasyidi.