"Our plan to reduce the number of state-owned companies will affect 24 state firms and will be carried out in an effort to restructure BUMNs," State Enterprises Minister Mustafa Abubakar said at his office on Wednesday.
He said 15 plantation firms (PTPN ) from PTPN I TO PTPN XIV plus PT Rajawali Nusantara Indonesia, would be merged into one holding company.
Forestry firms (PT Inhutani I to PT Inhutani V) would be merged into one holding company under state-owned company Perum Perhutani.
One BUMN in the dredging sector would be merged into a state-owned port company as a holding company. One multifarious industry BUMN and two others in the agriculture sector would be merged into one firm.
Mustafa said all restructuring programs in the work plan would be finished this year.
In accordance with its aim, the reduction in the number of state firms was intended to increase the performance and the value of the company. It is also intended to increase state receipt in the form of taxes and dividends.
Based on the 2010-2014 master plan of the ministry of state enterprises, the number of BUMN would be reduced to 104 in 2012, 95 in 2013 and 81 in 2014. (*)
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Editor: Jafar M Sidik
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