Revealed! This BUMN is the Most Miserable Affected by Covid-19

Jakarta, CNBC Indonesia – The Ministry of State-Owned Enterprises (BUMN) explained that a number of state-owned companies are experiencing difficulties due to the corona virus pandemic (Covid-19).

There are at least three BUMN groups that are most depressed due to the outbreak of the corona virus, namely energy, tourism and infrastructure.

Deputy Minister of BUMN II Kartika Wirjoatmodjo said that the first group is from state-owned companies from the energy sector.


Kartika explained that during the Covid-19 pandemic there was a decrease in energy consumption, both electricity and fuel. This has hit state-owned companies such as PT PLN and PT Pertamina hard.

“So in all SOEs that are most affected by energy, for example PLN, Pertamina has experienced a decrease in fuel consumption and electricity consumption, which is very noticeable compared to normal consumption,” said Kartika at the Capital Market Summit & Expo 2020 which was held virtually, Tuesday (20 / 10/2020).

The second group is BUMN from the tourism sector, making state-owned airlines such as PT Garuda Indonesia Tbk (GIAA) and state-owned hotels also feel the negative impact.

The next group is the infrastructure sector.

“And then also to the infrastructure sector, especially related to transportation infrastructure, here are companies such as Kereta Api Indonesia [KAI], Jasa Marga, Waskita Karya, which manages toll roads, has been significantly affected, “he explained.

Kartika explained traffic KAI service users during the COVID-19 pandemic were only around 15% compared to the conditions before the Covid-19 pandemic.

“It is still very slow because the people who take public transportation are still much lower than in pre-Covid conditions,” he added.

“If we look at the toll road there is positive news that land transportation has started to stretch and is currently traffic on land it has reached more than 50%, especially in trans Java and trans Sumatra, so I hope this will be a sign that people are starting to do activities both for business and for tourism, “added the former Managing Director of Bank Mandiri.

[Gambas:Video CNBC]

(hps / hps)


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