JAKARTA – Ministry of State Owned Enterprises (BUMN) has set targets and indicators for the achievements of the ministry’s program (outcome) in 2021. On the restructuring or formation of state-owned holding companies, Minister of BUMN Erick Thohir targets that there will be a new holding company next year.
The target is smaller than efforts to establish a holding in 2020. In the 2020-2024 Ministry of BUMN’s Strategic Plan (Renstra) notes, it was noted that there were two new holding companies formed by Erick by the end of December this year.
Also Read: Aviation and Tourism Holding, This is the Reason Garuda and AP Are Not Parent
“(For) BUMN to excel in the international arena, the number of BUMNs that are included in the global ranking in 2020 is five BUMN, 2021 five BUMN. While the formation of BUMN holding in 2020 there are two BUMN, 2021 one BUMN,” wrote the BUMN Ministry Strategic Plan, quoted on Sunday (15 / 11/2020).
That way, in two years there have been three state holding companies that have just been formed by Erick. So, in the midst of the Covid-19 pandemic, is Erick’s target realized? The following is the MNC News Portal summarizes the holding that has been formed and is still in the process of formulating the government during 2020-2021.
First, the underwriting and insurance holding.
Indonesia Financial Group (IFG) has been officially designated as the holding of BUMN insurance and underwriting for BUMN. This refers to Government Regulation (PP) Number 20 of 2020 concerning Addition of State Capital Participation to the Share Capital of PT Bahana Indonesian Business Development (BPUI).
As a state-owned holding company, IFG is believed to be able to bring about changes in the financial sector, especially insurance, investment and guarantees.
After being appointed as an insurance and guarantee BUMN holding in early October last November, the company that was predicted to be able to save the PT Asuransi Jiwasraya (Persero) policyholder, consolidated its assets up to Rp 72.5 trillion as of March 2020.
In addition, IFG has 9 holding members including PT Asuransi Kredit Indonesia (Askrindo), PT Asuransi Kredit Indonesia (Jamkrindo), PT Jasa Raharja, and PT Asuransi Jasa Indonesia (Jasindo), PT Bahana Sekuritas, PT Bahana TCW Investment Management, PT Bahana Artha Ventura, as well as PT Grahaniaga Tata Utama and PT Bahana Kapital Investa.
Second, Holding BUMN Aviation and Tourism
PT Penas Air Survey (Penas) as the holding of the Aviation and Tourism BUMN holding. In this holding structure, Penas oversees seven state-owned issuers.
The seven issuers are PT Pembangunan Pariwisata Indonesia (Persero) or ITDC, Taman Wisata Candi (TWC), Inna Hotels & Resorts, PT Angkasa Pura I (Persero), PT Angkasa Pura II (Persero), PT Garuda Indonesia (Persero), and PT. Sarinah (Persero).
Erick revealed that Penas has a high degree of organizational restructuring flexibility. Where, with a total of 5 employees and 1 subsidiary, Penas’ transformation as the Holding Parent will be easier and more concise. On that basis, his party appointed Penas as the holding company. The finalization of this holding is targeted to be completed until 2021.
“The ownership status of Penas by the government is 100 percent and the creditors currently, the majority of which are other BUMNs, are also factors of consideration for shortening the process of forming a holding,” said Erick in a document received, Jakarta, Monday (9/11/2020).
Third, Holding BUMN Food
The Indonesian Public Fisheries Company (Perum Perindo) is preparing to become part of the BUMN food holding company by complying with all the requirements requested by the Ministry of BUMN.
The BUMN Ministry has appointed Perum Perindo as the only BUMN in the fisheries sector after PT Perikanan Nusantara (Perinus) entered Perum Perindo with a merger system.
President Director of Perum Perindo, Fatah Setiawan Toppbroto, is optimistic that this consolidation will improve Perum Perindo’s performance in terms of sales, marketing, profit, product distribution, and the availability of Perum Perindo products in the market. “We are targeting our income to increase by 20 percent by 2021,” said Fatah.
Apart from sales, Perum Perindo also has existing businesses, namely fish and shrimp cultivation and fishery port management. With the consolidation and merger with Perinus, Perum Perindo will have one additional business, namely capture fisheries.
–
–
