Commission VI responded positively to the regulation regarding the transfer of BUMN assets to the LPI

ILLUSTRATION. President Joko Widodo introduced a member of the Board of Directors of the Investment Management Institution (LPI) named the Indonesia Investment Authority (INA) at the Merdeka Palace, Jakarta, Tuesday, February 16, 2021.

Reporter: Ratih Waseso | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Chairman of Commission VI DPR RI Faisol Reza positively views the steps of the Minister of SOEs to officially issue the Regulation of the Minister of BUMN Number PER-03 / MBU / 03/2021 which is the third amendment to the Regulation of the Minister of BUMN Number PER-02 / MBU / 2010. In this policy, BUMN Minister Erick Thohir revised the rules regarding the procedures for write-offs and the transfer of BUMN’s fixed assets.

“What is certain is not assets that are not strategic in nature, yes, for investment that can be transferred to LPI, yes, so in terms of assets that have not been feasible for business for state-owned companies and require an injection of investment funds which are then diverted. I think we have a positive view regarding the Minister’s regulation, “explained Faisol when contacted by Kontan.co.id on Sunday (18/4).

Faisol explained that the regulation issued by the Minister of Finance regarding the Investment Management Institution (LPI) is not only intended to facilitate the investment process in Indonesia. LPI is an agency that consolidates BUMN assets which are deemed necessary for private involvement in the investment process.

“If you see so far this has been done by each BUMN, for example, Waskita has several toll roads, which today is a financial burden for Waskita so it cannot develop,” he added.

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So this condition is considered to make it a little difficult for SOEs to attract investment into their business. “Therefore, the above books can be transferred to the LPI so that this LPI can carry out proper administration, synergize various kinds of existing assets for investment purposes in Indonesia,” he said.

So the existence of a Regulation of the Minister of BUMN regarding the transfer of BUMN assets to LPI is intended to facilitate the process of entering investment, especially foreign investment, more easily. “Can this make BUMN healthier? I think it is because BUMN, in some cases, for example, Jasa Marga, even though Jasamarga is already healthy or Waskita, for example, is sick, it can be helped by making book repairs on their finances if the investment has entered,” said Faisol.

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