JAKARTA (TheInsiderStories) – The State-Owned Enterprises (SOEs) to establish four new holdings in 2017, following the six holdings that are being prepared this year. The four holdings will manage ship and heavy equipment, maritime, pharmaceutical and insurance. Currently the ministry has set up cement, fosfat, agriculture and forestry hodling.
”In the one or two months ahead we will formed two SOEs holdings mining also oil and gas. Based on our calculation the new holdings will have capacity to leverage around Rp 650 trillion. One day we will become super holding,” Deputy for Restructuring and Development, Aloysius Kiik Ro said at the one seminar in Jakarta.
According to him, t he mining holding will be under the management of PT Inalum (aluminum mining), consisting of PT Timah (lead mining), PT Bukit Asam (coal mining) and PT Aneka Tambang (gold and silver mining) and PT Freeport Indonesia. Meanwhile, the oil and gas holding will incorporate PT Pertamina (oil and gas company) and PT Perusahaan Gas Negara (gas company).
There are also four holding which are being prepared, and these are toll roads and construction, housing, food, banking, and financial services sectors. SOE ministry also plans to create new holding for hotels under Hotel Indonesia Group (HIG) to support tourism industry program to grab 20 million tourists by 2019.
HIG is merging Hotel Indonesia Natour, Aerowisata-unit of PT Garuda Indonesia Tbk (IDX: GIAA) and PT Patrajasa (unit of PT Pertamina). HIG own 26 hotel own by Hotel Aerowisata seven, 12 own by Indonesia Natour, seven by Patrajasa, nine hotel own by Perum Pegadaian and one hotel own by Taman Wisata Candi with variation two star to five star.
Minister of SOEs Rini Soemarno said, in 2017 prepared investment Rp450 trillion focusing on tol road, electricity, grass-root refinery development project. The financing source for the investment comes from equity, bank loan, bonds and right issue.
“We have prepared MTN, REITs, asset back to securities to raises fund for investment financing,” She said by adding the SOEs could absorb around Rp300 trillion (US$22.90 billion) from repatriate funds.
Pertamina, Rini added, will launch global bonds around $1.5 billion, other SOEs offer Rupiah bonds up to Rp60 trillion, four SOEs to launch rights issue with total amount Rp14.3 trillion and listing of subsidiaries of Pertamaina PT Tugu Pratama, PT Waskita Beton unit of PT Waskita Karya Tbk (IDX: WSKT) and others.