JAKARTA - State-Owned Enterprises (BUMN) are reportedly not sponsoring the Formula E electric car race which will be held this weekend. SOE Minister, Erick Thohir, was also reluctant to explain this matter.
"No comment," said Erick, in Jakarta, quoted Friday, May 3.
Separately, Special Staff to the Minister of SOEs Arya Sinulingga explained that the Ministry of SOEs received information that some of the corporations under SOEs received sponsorship proposals from the Jakarta E-Prix 2022 Organizing Committee on average a month before the event was held.
In supporting large and international events, said Arya, SOEs need time to carry out the sponsorship review process, including also conducting business feasibility studies and cooperation models in order to meet the principles of Good Corporate Governance (GCG).
"This review process varies between SOEs according to the regulations in each company. In general, SOEs accept proposals for large national and international events at the latest three months in advance or even a year earlier," he said.
Thus, said Arya, there is sufficient time to conduct a study before making a decision based on the business aspect and the contribution of the social value of SOEs to society. Therefore, the Ministry of SOEs regrets the negative statements as if SOEs do not support the Formula-E activities.
"That statement is not true, because there is no policy to prevent sponsorship of the event in question. Even PT Indosat Tbk (known as Indosat Ooredoo Hutchison), which is partly owned by BUMN, has become one of the companies supporting the event," he explained.
Arya emphasized that the Ministry of BUMN in principle supports all initiatives to advance national development and includes various national tourism industry programs, such as the event at the 2022 MotoGP at the Mandalika Circuit, Lombok, some time ago.
"Currently SOEs are concentrating on supporting a major state event, namely the G-20 meeting in Bali, October 2022," he said.
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