Minister of State Own Enterprises (SOEs), Erick Thohir, plans to synergizes three companies that has similar business in small medium enterprises - Photo by President Office

JAKARTA (TheInsiderStories) – Minister of State Own Enterprises (SOEs), Erick Thohir, plans to synergizes three companies that has similar business in small medium enterprises. The planned involved lender PT Bank Rakyat Indonesia Tbk (IDX: BBRI), pawn company PT Pegadaian, and financial firm PT Permodalan Nasional Madani (PNM).

“I ensured that in June there will be an extraordinary synergy between BRI, Pegadaian, and PNM. If this happens, BRI will become an extraordinary bank,” he said in one seminar in Jakarta on Wednesday (02/26).

He gave no further details on the plans. But the CEO of Bank Rakyat Indonesia, Sunarso explained, there is a potential the third parties will establish sub holding to run the plans.

Earlier, Thohir has said to create a number of clusters to streamline the number of the companies under his ministry. The reason, from 142 SOEs, only 15 companies contributed to the government revenues.

“We have to reduce this amount, one option is forming a cluster and other options liquidation and mergers. Later the maximum number of clusters is 15,” he told reporters on Jan. 28.

Therefore, he said, the ministry wants to cut the number of SOEs, their subsidiaries and affiliates, which is estimated around 800 companies. To implement the plans, now, the ministry prepared five blueprints to balance the economic and social values ​​can be well exposed.

Later on, he continued, there will be a mapping. which is heavy in cooperation, companies with large assets but large public services such as Bank Rakyat Indonesia and power producer PT Perusahaan Listrik Negara. Then large public services such as food supplier company Perum Bulog, and unclear companies.

“Companies that are not clear we will be merged or liquidated. I’m waiting for the president’ and minister’ approval on this plan,” he asserted.

Thohir gave an example, in June, the ministry will finalize hospital cluster under the SOEs. The ministry also considered to creates mining cluster, transportation cluster, hospitality cluster, manufacturing cluster, and others.

“We will combine the hospitals and will have 6,400 beds and it will become the largest company in the country. With this grouping, expertise and company performance will be created,” said Thohir.

Since lead the ministry, he has make transformation by picked two vice ministers,cut the number of deputies to only three positions from seven positions. The fresh move aims at carrying out President Joko Widodo’ mission regarding the creation of an effective and efficient bureaucracy.

Thohir already has two deputy ministers – Budi Gunadi Sadikin and Kartika Wirjoatmodjo – and already have their respective work posts.

“To manage the Rp8,200 trillion assets from 140 SOEs, I need teamwork, which is filled with people who are not only smart but also good morals,” said Thohir

Written by Staff Editor, Email: theinsiderstories@gmail.com