President orders total revamp of state-owned companies

President orders total revamp of state-owned companies

President Joko Widodo spoke at a discussion with journalists at the Merdeka Palace in Jakarta, on Monday (Dec 2, 2019). ANTARA/Desca Lidya Natalia.

I want the management of SOEs to be improved through the total revamp of the existing management
Jakarta (ANTARA) - President Joko Widodo (Jokowi) has ordered a total revamp of state-owned enterprises (SOEs) to improve their management.

"I want the management of SOEs to be improved through the total revamp of the existing management," he stated at a discussion with journalists at the Merdeka Palace in Jakarta on Monday. 

"SOEs particularly those related to technical matters is the business of the SOEs minister. Please ask Mr. Erick directly. To be sure, all assets of SOEs must be productive," Jokowi said referring to SOEs Minister Erick Tohir.

President Jokowi also does not want a single asset of SOEs to be non-productive. To date, the country has 142 SOEs.

"Don't keep unproductive assets that reduce the productivity of SOEs," he said.

Related news: Indonesian SOEs encouraged to expand globally: Jokowi

Earlier, State Enterprises Minister Erick Tohir announced several new appointees on the SOEs boards of commissioners and boards of directors.

These include former Jakarta Governor Basuki Tjahaja Purnama, also well known as Ahok, appointed as chief commissioner of state oil and gas company PT Pertamina. Ahok will be accompanied by Vice Minister of State Enterprises Budi Gunawan Sadikin as deputy chief commissioner of PT Pertamina.

Related news: Selection process underway for Ahok for post in SOE: Jokowi

The minister also appointed Emma Sri Martini as PT Pertamina's finance director.

Pahala N Mansury was appointed president director of state-owned lender Bank Tabungan Negara (BTN) with Chandra Hamzah as the bank's chief commissioner.

Erick Thohir also appointed Orias Petrus Moedak as president director of state mining holding company PT Inalum (Persero) or Industry Indonesia (MIND ID). (INE)

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