Speaking Of State Equity Participation, Erick Thohir: Only For SOEs That Are Healthy And Beneficial To The Community

SOE Minister Erick Thohir. (photo: Doc. Antara)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir ensures that state capital participation (PMN) to SOEs is now more effective and on target. This means that the government will not give PMN arbitrarily to SOEs that do not provide benefits to the community.

"If SOEs are not healthy, they are no longer strong corporately, let alone have no benefits for the community, it's a shame that state money has to be squandered, so we make sure PMN is right on target," said Erick Thohir in a written statement quoted by Antara, Sunday, March 20.

The Minister of State-Owned Enterprises admitted that he would not hesitate to brush off individuals in SOEs who did not use PMN funds according to the interests that had been determined.

Currently, said Erick, the PMN application process must be based on the agreement of three ministers, namely the Minister of SOEs, the Minister of Finance, and other technical ministers.

He took as an example the submission of PMN for infrastructure SOEs would involve SOE Minister Erick Thohir, Finance Minister Sri Mulyani Indrawati, and PUPR Minister Basuki Hadimuljono in agreeing on the needs of SOE PMNs. as to which path is the solution. So this is right, don't let this injection be misused for other purposes," said Erick.

Erick Thohir said that the contribution of SOEs to the state through taxes and dividends would reach Rp. 377 trillion in 2020. Meanwhile, the number of PMNs given by the state to SOEs is only 4 percent of the total contribution of SOEs on a consolidated basis.

The Minister of SOEs said PMN was allocated to accelerate the transformation of SOEs.

Erick conveyed that the transformation, from changes to business models to efficiency, was proven to be able to increase the valuation of shares owned by SOEs such as Telkom, Mandiri and BRI which, in total, reached Rp. 1,600 trillion.

"So imagine the valuation of the three SOEs is already Rp. 1,600 trillion. So if there are parties, why is the SOE's debt big, yes it is big. That's why we are now under the ministry, we are tidying up which are productive debts and which are debts that are bad. corrupt. We will brush off the corrupt," said Erick.

The former Inter Milan president also emphasized his commitment to encouraging more SOEs to be listed on the stock exchange as part of the company's transparency and professionalism. The Indonesia Stock Exchange is now listed as one of the best exchanges in Asia in terms of growth.

"Because one of them is BRI's corporate action, which is the largest corporate action in Southeast Asia, number two in Asia, and number seven in the world. Therefore, the stock exchange is very positive, so the impacts of healthy SOEs on the market are also positive," said Erick .