A New Era of Risk Management in BUMN

Jakarta – On September 1, 2022, the Minister of State-Owned Enterprises (BUMN) issued Regulation No. PER-5/MBU/09/2022 concerning the Implementation of Risk Management in State-Owned Enterprises (Permen BUMN 5/2022). The issuance of this regulation is intended to develop a standardized and integrated framework for implementing risk management for SOEs. This regulation aims not only to protect … Read more

Jakarta-Bandung high-speed train has just returned for 38 years

Jakarta, CNN Indonesia — President Director of PT Fast Car Indonesia China Dwiyana Slamet Riyadi said it would take 38 years to return the capital for the construction of the Jakarta-Bandung high-speed rail project, which is currently around US$7.5 billion. Initially, the construction cost of KCJB was set at US$6.05 billion. However, based on the … Read more

Erick Thohir Emotions Many SOEs Make Hotel Business

KOMPAS.com – Minister BUMN Erick Thohir consolidate 103 hotel BUMN, with one of the goals to be able to absorb MSME products for the needs of the hotel. “We are consolidating 103 hotels in SOEs, that’s why I say SOEs should not build their own hotels,” said Erick Thohir at ICE BSD. Between, Saturday (29/10/2022). … Read more

Jokowi Claims 70 Percent of Freeport’s Income Has Entered Indonesia’s Pocket

Jakarta, CNN Indonesia — President Joko Widodo (Jokowi) mentions that 70 percent of PT .’s revenue Freeport Indonesia has belonged to Indonesia. This happened after the government acquired 51 shares of the company through PT Indonesia Asahan Aluminum (Inalum). Jokowi said that in the past, Indonesia only owned 9 percent of Freeport shares with a … Read more

The Secret Behind Garuda’s Rp 57 T Profit Revealed

Jakarta – PT Kinerja Performance Garuda Indonesia (Persero) Tbk in semester I-2022 was quite surprising. How not, this state-owned airline made a profit of up to US$ 3.81 billion or Rp. 57.91 trillion (exchange rate of Rp. 15,200) in the first semester of 2022. In fact, this state-owned airline repeatedly lost. Its financial performance is … Read more

Labor Union Rejects Establishment of PLN Subholding

Jakarta, CNN Indonesia — The Employees Union of PT Indonesia Power (PPIP) and the Workers Union of PT Pembangkitan Jawa-Bali (SPPJB) rejected the establishment of a subholding PT PLN (Persero) which was launched by the Minister of SOEs Erick Thohir on Wednesday (21/9) The formation of a subholding, according to them, will consolidate all PLN’s … Read more

Jokowi Starts 1 Million Hectare Soybean Land Project, Rp 400 Billion Funds Disbursed

TEMPO.CO, Jakarta – President Joko Widodo or Jokowi poured a budget of Rp 400 billion for the project of hundreds of thousands of hectares of new plantation land soya bean. This project was initiated because local soybean production to support the national demand of 2.4 million tons continued to decline due to farmers switching to … Read more

Exclusive! Pertamina Geothermal to IPO in October

Jakarta, CNBC Indonesia – The Ministry of State-Owned Enterprises (BUMN) said that a subsidiary of PT Pertamina (Persero), PT Pertamina Geothermal Energy (PGE) will conduct an initial public offering (IPO) in October 2022. The PGE IPO plan was conveyed by the Deputy Minister of BUMN I Pahala Mansury while talking to CNBC Indonesia, Monday (12/9/2022). … Read more

6 Government Inconsistency When Raising Fuel Prices: State-Owned Enterprise Employees Salary Increases Until IKN is Prioritized

TEMPO.CO, Jakarta – Narrative Institute’s public policy expert, Achmad Nur Hidayat, assessed that the government has repeatedly shown inconsistencies. He mentioned that there were six government inconsistencies, especially in the policy of raising money fuel prices. “If you listen to the plot, those with a conscience will be amazed at how damaged the logic of … Read more

Erick Thohir Asks for Additional State Capital of IDR 7.7 T for BUMN in 2023

Jakarta, CNN Indonesia — Minister BUMN Erick Thohir asked for an additional allocation of state capital participation (PMN) amounting to Rp7.88 trillion for state-owned companies in 2023. According to Erick, SOEs need PMNs to complete national strategic projects (PSN) and sustain the company’s business. “Please if Commission VI of the DPR is willing to help … Read more