JAKARTA (TheInsiderStories) - State own enterprises (SOEs) minister, Erick Thohir, plans to set up food holding company lead by Perusahaan Umum Perikanan Indonesia (Perindo), the official announced today. Before became the holding company, the fishery firm will change its legal business entity to a limited firm.
The spokesman, Boyke Andreas, after get the new entity, the government-owned company will merge with PT Perikanan Nusantara (Perinus). Other companies will join are PT Rajawali Nusantara Indonesia, PT Pertani, PT Sang Hyang Sri, PT Pertani, PT Bhanda Ghara Reksa Logistic, PT Garam, and PT Perusahaan Perdagangan Indonesia.
Since became the minister, Thohir has announced to lessen number of state companies not more than 42 in 10 years, through the consolidation and downsizing the subsidiaries and other units. Currently, the ministry managed 142 SOEs with 800 subsidiaries separating in 27 clusters.
“In several years we will try to slices the number of SOEs under 14 cluster, so each vice minister only manages seven to eight clusters,” he asserted.
In one year, he has formed various holding and sub-holding such as insurance holding company, energy, hospitality, hotel, and ultra-micro. Beside, he also urged the SOEs to streamline their business to make them more efficient.
As an example, CEO of PT Telkom Indonesia Tbk (IDX: TLKM) CEO, Ririek Adriansjah has plans to reduces 20 companies in two years time from now owned 49 subsidiaries and units. Then, CEO of flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA), Irfan Setijaputra, has plans to rationalization six units in several years.
And, CEO of PT Pertamina, Nicke Widyawati targeting to liquidate and divested 25 subsidiaries and unit without any lay off starting this year. In January of 2020, Thohir has stated, his ministry prepared five blueprints to implemented the program. He urged, the companies that are not clear we will be merged or liquidated. He gave an example, in June, the ministry will finalize hospital cluster under the SOEs.
He added, all SOEs must have a plan for what to do in terms of technology, not only business as usual but there must be a new way. He added, investment policies must be clear and human resource development must continue to be upgraded.
“To manage the Rp8,200 trillion (US$512.5 billion) assets, I need teamwork, which is filled with people who are not only smart but also good morals,” said the minister.
Earlier President Joko Widodo has said earlier that downsizing the bureaucracy in SOEs could help accelerate state-owned companies in the global arena.
According to him, there was homework that needed addressing including reviving PT Merpati Nusantara Airlines to fly again, returning the profits of Garuda, and settling the debt of local manufacture PT Krakatau Steel Tbk (IDX: KRAS).
“I hope that there will be a big leap in evaluating existing assets, to find good partners so that our SOEs truly become companies that have a good reputation in the world,” concluded the head of state.
Perindo is engaged in ports, aquaculture, fishing and fish trading consists of eight sub-segments, namely sales of ice, cold storage services, fish processing services, mooring services, rental of space and buildings, electricity services, water, fuel, workshop and dock services, trade in fishery products, capture fisheries. and aquaculture.
Written by Editorial Staff, Email: theinsiderstories@gmail.com
