Jakarta – The transformation of state-owned enterprises (SOEs) carried out by the government through the Daya Anagata Nusantara Investment Management Agency (Danantara) continues to show positive progress. By strengthening corporate governance and consolidating companies, the government is striving to create healthier, more productive state-owned corporations capable of delivering greater economic benefits to the public.
One of Danantara’s main agendas is a governance reset, or restructuring of SOE governance. This program includes a comprehensive evaluation of asset quality, accounting policies, risk management systems, and corporate governance standards to better align with best business practices.
Danantara’s Managing Director of Stakeholder Management, Rohan Hafas, emphasized that strengthening the fundamentals of state-owned enterprises is a crucial part of the ongoing transformation strategy.
“Danantara Indonesia is obligated to conduct a comprehensive review of asset quality, accounting policies, and governance discipline across the entire portfolio. This governance reset is a step to strengthen the foundation so that the company’s balance sheet reflects actual, prudent, and credible conditions,” said Rohan.
Through this step, the government strives to ensure that every state asset is able to generate optimal economic value. In addition to strengthening governance quality, the transformation is also aimed at improving operational efficiency, corporate profit quality, and the competitiveness of state-owned enterprises (SOEs) at the national and global levels.
Furthermore, the government continues to promote the SOE consolidation program to simplify the structure of state-owned enterprises, which has been deemed too complex. The consolidation is intended to strengthen synergy, increase efficiency, and reduce various costs that could burden state finances.
Cabinet Secretary Teddy Indra Wijaya emphasized that this step is part of the government’s efforts to optimize the management of state assets.
“Better managing the nation’s assets to generate greater benefits for the people,” wrote Teddy.
According to Teddy, the SOE consolidation process continues to show significant progress.
“The SOE consolidation and transformation process is ongoing. Of the total of approximately 1,077 SOE entities, 258 have been successfully consolidated, and the target is to continue with approximately 300 entities in the near future,” said Teddy.
The government considers this consolidation crucial for strengthening corporate governance and increasing the efficiency of state-owned enterprises.
“This step is expected to increase efficiency, strengthen governance, and reduce the cost burden currently borne by the state,” Teddy concluded.
Through ongoing transformation, SOEs are expected to increasingly become the driving force of the national economy while providing greater benefits to the community.