To boost the country’s economy, the Ministry of State-Owned Enterprises is encouraging state-owned enterprises to focus on six key areas: basic infrastructure development, downstream mining, energy security and defense system modernization, tourism development, small and medium enterprise initiatives, and agricultural development.
SOEs focusing on basic infrastructure development include PT Pelindo, PT Angkasa Pura, PT Jasa Marga, PT KAI and PT Inka. These companies are expected to build ports, airports, toll roads and railways, improving connectivity between cities and reducing logistics costs.
In the downstream mining sector, PT Mineral Industri Indonesia (MIND ID) holds shares in PT Inalum, PT Vale Indonesia, PT Aneka Tambang and PT Freeport Indonesia. Companies in this sector aim to increase value-added products from minerals.
The Energy Security sector includes PT PLN, PT Pertamina and PT Len Industri (Defend ID), which are focused on ensuring reliable electricity, reducing gas imports, advancing the gas pipeline initiative, energy transition and developing defense production capabilities.
Tourism development will be driven by Injourney, Garuda Indonesia and Airnav Indonesia, while PT Bank Negara Indonesia, PT Bank Rakyat Indonesia, PT Pegadaian, PT Perusahaan Nasional Madani, PT Bank Syariah Indonesia and PT Bank Mandiri will focus on supporting small and medium-sized enterprises.
Finally, the agricultural development sector includes PT Perkebunan Nusantara, Perum Perhutani, PT Pupuk Indonesia, Perum Bulog and ID Food.
“There are other state-owned enterprises that support the economy outside of these six sectors, but these six are the main focus,” Deputy Minister for State-Owned Enterprises Kartika Wirjoatmodjo told a roundtable with media editors in Jakarta over the weekend.
Kartika stressed that state-owned enterprises are undergoing continuous transformation not only in business and finance but also in services, citing Injourney’s transformation in the tourism sector as an example.
“Many people don’t believe that a state-owned company owns a nice hotel in Bali,” he said.
