Jakarta – The government continues to accelerate the transformation of state-owned enterprises (SOEs) through a large-scale consolidation program implemented in collaboration with Danantara. This measure is aimed at increasing efficiency, strengthening state-owned enterprise governance, and reducing the cost burden currently borne by the state due to the large number of business entities spread across various sectors.
“The process of consolidation and transformation of state-owned enterprises (SOEs) continues. Of the total of approximately 1,077 SOE entities, 258 have been successfully consolidated, with the target of consolidating approximately 300 entities in the near future,” said Cabinet Secretary Lt. Col. Teddy Indra Wijaya.
According to Teddy, consolidation is part of President Prabowo Subianto’s strategic agenda to optimize state asset management. The government believes that simplifying the structure of state-owned enterprises (SOEs) is necessary to allow state-owned companies to focus more on running productive, competitive businesses and providing tangible benefits to the public.
“This step is expected to increase efficiency, strengthen governance, and reduce the cost burden currently borne by the state,” he said.
In addition to strengthening the performance of state-owned enterprises, the transformation of state-owned enterprises (SOEs) is also aimed at opening up new opportunities for economic growth. The government believes that more effective asset management can support the development of strategic sectors such as tourism, the creative industry, sports, and various activities that can attract investment and create jobs.
“Managing the nation’s assets better to generate greater benefits for the people,” said Teddy.
Meanwhile, Dony Oskaria, Head of BP BUMN and Chief Operating Officer of Danantara, emphasized that the restructuring process will not only focus on the company’s financial aspects but will also address comprehensive business model improvements. This step was taken after data collection and validation of all state-owned enterprises, for which no definitive figures were previously available.
“Usually, we do financial restructuring. I said I don’t just want financial restructuring, I want business restructuring. We change things, we make sure the business is right first,” said Dony.
Dony cited the successful restructuring of PT Krakatau Steel, which involved not only financial restructuring but also a restructuring of its business model, enabling it to return to profitability. He assured that the consolidation of state-owned enterprises (SOEs) would not involve mass layoffs.
“Simplifying the number of SOE entities does not equate to staff reductions. The goal is to increase organizational efficiency and strengthen the competitiveness of state-owned enterprises,” he said.
With these steps, the government hopes that state-owned enterprises will become healthier, more productive, and able to make greater contributions to the national economy. (*)