Jakarta, CNBC Indonesia – The plan to close seven State-Owned Enterprises (BUMN) that have been in suspended animation will be implemented by the end of this year. Although the plan to close this state-owned company has been anticipated for more than five years, its implementation has only been accelerated recently.
BUMN observer Toto Pranoto said that the closure of BUMN was reasonable considering that currently the number of BUMN was very large, but not all of them contributed well to state revenues. In fact, in reality more companies do not contribute to the state.
“Most of the time [BUMN] it’s in the opposite matrix, in that the condition of the products and services is less strategic and there are already other operators, other competitors, and other players who have replaced BUMN’s service products. And also in terms of health, it is relatively unhealthy,” Toto said at the Closing of 7 SOEs, at the Le Meridien Hotel, Jakarta, Wednesday (17/11/2021).
“Well, this is then in the spin-off line, this is the government’s plan for liquidation. Stage 1 may be 7 SOEs, maybe the next stage will be how many SOEs,” he said.
He explained that ideally, the BUMN is in a position as a contributor, meaning that the company is still in the condition that its products and services are needed by the public. At the same time, the company is also in good health.
According to him, the restructuring and closing of this BUMN has actually been discussed for a long time, since the previous leadership period of the BUMN minister.
This process even exists in Law no. 19 of 2003 concerning BUMN. In the pasa; 63 there are matters regarding the merger or consolidation of BUMN and the takeover of BUMN, while in article 64 it is explained about the dissolution of BUMN which can be carried out through a Government Regulation (PP).
To note, the seven SOEs that were closed include PT Merpati Nusantara Airlines, PT Iglas, PT Kertas Kraft Aceh, and PT Kertas Leces.
In addition, there are also PT Development of the National Commercial Fleet (PANN), PT Istaka Karya, and PT Industri Sandang.
The closing of these seven SOEs was mostly due to the fact that these companies had stopped operating until the company’s financial conditions were no longer healthy.
These companies, which are currently in the process of disbanding, are being handled by PT Perusahaan Pengelola Aset (Persero)/PPA.
As previously reported, SOE Minister Erick Thohir emphasized that he would speed up the process of closing the seven ‘zombie’ SOEs that had not operated for a long time. It is hoped that this closure can be carried out before the amendments to the SOE Law are completed by the DPR.
He said that this agreement is expected to be carried out considering that recently the merger of three SOEs into other entities has been carried out through a government regulation (PP). Although this merger can take up to nine months, it is not impossible that this acceleration can be done.
“Therefore I have discussed with the President, other Ministers, other Ministers to support that trusting the transformation that has occurred in BUMN for the past two years has seen results. But we need more support, namely what, so that we can close and do the merger with a faster time,” said Erick at the Telkom Smart Office, Thursday (30/9/2021).
“I don’t think I want to wait for the law to be finalized. If the process can be faster, why wait for the law, the law needs a process,” he added.
Erick explained that currently closing SOEs requires a long process. However, it is hoped that with the amendment to the BUMN Law, which is currently being discussed by the DPR, it is hoped that in the future this process will be faster through strengthening the role of ministries.
(mon / hps)
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