Jakarta (Antara Bali) - The Ministry of State-Owned Enterprises (SOEs) will begin the process to establish four holdings or parent companies by 2017 following the six holdings that are being prepared this year.
The four holdings are ship and heavy equipment, maritime, pharmaceutical and insurance state-owned enterprise.
"Those four holdings are still in the concept stage. We expect in 2017 the holdings will have been established," Deputy for SOE Restructuring and Development, Aloysius Kiik Ro stated here Wednesday.
The ministry is focusing on the establishment of two state-owned holdings of mining and oil and gas, Aloysius said.
The mining holding will be under the management of PT Inalum (aluminum mining), consisting of PT Timah (lead mining), PT Bukit Asam (coal mining) and PT Aneka Tambang (gold and silver mining).
Meanwhile, the oil and gas holding will incorporate PT Pertamina (oil and gas company) and PT Perusahaan Gas Negara (gas company), in which Pertamina will become the parent company.
"Until the end of this year there will be two SOE holdings formed. The government regulation on these two sectors have already been completed," he said.
There are also four holdings which are being prepared, and these are toll roads and construction, housing, food, banking, and financial services sectors.
"God willing, in the first quarter of 2017 those holdings will have been established," he noted.
The formation of the holdings aims to strengthen the capital of companies which are engaged in the same kind of business.
Also, it aims to further develop the state-owned companies and increase the leverage, to ensure they are not dependent on the capital injection from the state.(WDY)
COPYRIGHT © ANTARA News Bali 2016
The four holdings are ship and heavy equipment, maritime, pharmaceutical and insurance state-owned enterprise.
"Those four holdings are still in the concept stage. We expect in 2017 the holdings will have been established," Deputy for SOE Restructuring and Development, Aloysius Kiik Ro stated here Wednesday.
The ministry is focusing on the establishment of two state-owned holdings of mining and oil and gas, Aloysius said.
The mining holding will be under the management of PT Inalum (aluminum mining), consisting of PT Timah (lead mining), PT Bukit Asam (coal mining) and PT Aneka Tambang (gold and silver mining).
Meanwhile, the oil and gas holding will incorporate PT Pertamina (oil and gas company) and PT Perusahaan Gas Negara (gas company), in which Pertamina will become the parent company.
"Until the end of this year there will be two SOE holdings formed. The government regulation on these two sectors have already been completed," he said.
There are also four holdings which are being prepared, and these are toll roads and construction, housing, food, banking, and financial services sectors.
"God willing, in the first quarter of 2017 those holdings will have been established," he noted.
The formation of the holdings aims to strengthen the capital of companies which are engaged in the same kind of business.
Also, it aims to further develop the state-owned companies and increase the leverage, to ensure they are not dependent on the capital injection from the state.(WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2016