"Currently, five state-owned companies are in the process of setting up holdings in the fields of energy, banking, mining, toll road and construction, and housing," the ministry's deputy of restructuring and business development, Aloysius Kiik Ro, said here on Thursday.
"The regulation on the creation of holding in the energy field will soon be issued," he said.
Meanwhile, Imam A Putro, the ministry's secretary, said the establishment of sectoral holdings has been mandated in the 1945 Constitution, wherein state-owned enterprise are one of the national economic backbones which play a significant role in every sector.
According to Imam, there are 15 business sectors managed by state-owned enterprises, namely energy security, logistics, tourism and culture, food security, agriculture, health care, maritime affairs, construction and infrastructure, mining, manufacturing, strategic industry, telecommunications, financial service, and social economy.
"The establishment of holdings is expected to create efficiency in maximizing value added," he said.
Imam noted that the holdings will build, control and coordinate the state-owned enterprises in one multi business environment.
Meanwhile, A.B Susanto, economic and business expert at Jakarta Consulting Group, said there are at least three patterns of establishing holdings, namely operation holding, strategic holding and investment holding.
"Each of them has specific advantages. Strategic holding could be the main option, but still has to be adjusted to the business condition and environment," he said.
Susanto said the establishment of holdings is worth supporting because the move will improve state-owned companies' performance.
"The government is planning to establish five holdings. We expect ten holdings to be formed soon," he added. (WDY)
: I Gusti Bagus Widyantara
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