The DKI Provincial Government Is Not Yet Certain About The Meger Of PT Jakpro's Subsidiaries Even Though They Don't Have Any Advantages

Illustration-(DOC VOI)

JAKARTA - Head of the DKI Jakarta Regional-Owned Enterprises Development Agency (BP BUMD) Fitria Rahadiani opened her voice about the DKI Jakarta DPRD proposal asking PT Jakarta Propertindo's subsidiaries to be combined because it did not provide benefits for the DKI Provincial Government. Fitria said that currently, her party is still reviewing the most likely options to save the health of Jakpro and its subsidiaries this year. "Currently, his position is to examine the possibilities that can be done to restore business in the subsidiaries," Fitria told reporters, Friday, January 27. A number of corporate options will be taken by the DKI Provincial Government, starting from mergers, company acquisitions, maturation of corporate core business maps, to separation of subsidiaries from their parent. "There are many choices, such as mergers, acquisitions, or spin offs. There are so many corporate action options that can be done," said Fitria. So, his party will not necessarily merge or merge a number of Jakpro subsidiaries as suggested by the DKI DPRD. "It's not certain to be merged. For example, about the level of financial health, so that you are healthy, you can be merged. That could be the case. But, we haven't finalized the study. So, we'll see what it will be like later," he said. Previously, Commission C of the DKI Jakarta DPRD asked BP BUMD to merge or merge a number of subsidiaries belonging to PT Jakpro. There are 7 subsidiaries of PT Jakpro that have been supporting PT Jakpro's business, namely PT PMJ Land, PT Jakarta Consultindo, PT LRT Jakarta, PT Jakarta Utilita Propertindo, PT Jakarta Infrastruktur Propertindo, Jakarta Oses Energi, PT Jakarta Solusi Lestari. Deputy Chairman of Commission C of the DKI Jakarta DPRD, Rasyidi, assessed that until now Jakpro's subsidiary seems to have increased the burden on regionally owned companies because they continue to lose money. In fact, the DKI Provincial Government continues to disburse regional capital participation (PMD) through the APBD, no less than Rp1 trillion to Jakpro every year. This was revealed by Rasyidi in a working meeting with BP BUMD and Jakpro's directors on Thursday, January 19. "From their explanation, we see that there are (agencies) that need to be combined. For example, there are subsidiaries whose only duties are to rent out houses, land, that's all. So, we conveyed to the head of BP BUMD that if possible, just combine them, "” Rasyidi said. According to Rasyidi, Jakpro's business coverage along with its subsidiary is too large. So, according to the DPRD, Jakpro often does not focus on carrying out developments assigned by local governments. "From the results of what the majority of Commission C members said that actually Jakpro has not got anything. They have only tried for about two or three years to be healthy. Now it's actually not healthy, not healthy in terms of finance. This company is too big. So it's not focused," said Rasyidi.