BUMN roadmap for 2015-2019 submitted to President Jokowi: Official

The roadmap has been in the State Secretariat ..."
Jakarta (ANTARA News) - The Ministry of State Enterprises said it has submitted the roadmap for state-owned companies (BUMN) for the 2015 to 2019 period to President Joko Widodo (Jokowi).

"The roadmap has been in the State Secretariat as part of the governments strategic plan for the National Medium Term Development Plan (RPJMN)," the State Enterprise Ministrys Deputy for Restructuring and Business Development, Aloysius K. Ro, said on Thursday.

He said the 15 sectors in the road map include energy resilience, logistics and trade, tourism and culture, food resilience and plantation, health services, maritime economy, connectivity, construction and infrastructure, mining, manufacturing, strategic defense, heavy industry and shipping, telecommunication and digital, financial services and banking and grass root economy.

"The essence of the BUMN road map has been adjusted in accordance with the Nawacita (nine goals) program of the government of President Jokowi and Vice President Jusuf Kalla, prioritizing the synergy and downstream industrialization program to make BUMN an agent of development and to create corporate added value," Aloysius stated.

He added that there are currently five challenges facing the development of BUMN in the future, namely overcoming uneven development, creating food and energy resilience, infrastructure and basic industry, access to financial services and human resource development.

By improving their added value it is hoped that BUMNs will be able to create self-reliance through cooperation between companies, increasing downstream industrial development and the use of more local content, sustainable economic development and more even development and public welfare.

"By 2019, we hope investment holding companies will be established covering all sectors following results of studies by consultants and with support from stakeholders, including the government and the legislative body (DPR)," he said.

He added that until 2019 seven holding companies would be created, consisting a Logistics and Trade Holding Company, Plantations, Pharmaceutical, Shipping, Construction and Infrastructure, Mining and Strategic Defense Holding Companies.

"Various efforts should be made to improve BUMNs through the holding company establishment, stand alone or merger schemes. The creation of a holding company will be done, based upon business sectors," he said.

(Reporting by Royke Sinaga/Uu.H-YH/INE/KR-BSR/A014)