Jakarta (VNA) –Indonesia is stepping up the transformation of State-owned enterprises (SOEs)to mitigate the adverse impact of the COVID-19 pandemic, an official hassaid.
SOEsMinister Erick Thohir said on September 13 that the current transformation isnot part of restructuring the enterprises or shrinking their number from 108 to41, the ANTARA news agency reported.
Highlightingthe four key areas of SOE transformation, he noted: “Firstly, we will ensure thatthe SOE as a corporation can make a consistent and large contribution to thestate.”
SOEs already have a track record of contributing greatly tothe state over the last 10 years in the form of taxes and dividends. Withthe current state of this pandemic, the contribution of SOEs to the state mustnot decrease.
“One way toovercome this is by ensuring supply chains and ecosystems to make efficiency sothat SOEs financials are still getting healthier," Thohir said.
Secondly, due to the COVID-19 pandemic, people's lives havechanged and digitalisation has also changed. Thus, SOEs must prepare to competein a very open market and have a very strong business model such as by synergizingultra micro SOEs and micro, small, and medium enterprises (MSMEs) so as to havethe strength to balance the economy, he went on.
Thirdly, how the SOE transformation actually impacts thecommunity needs to be traced, the minister said, noting that easy access tofunding should be ensured, especially in the ultra micro sector.
Fourthly, it is important that internally, SOEs are sustainablein every aspect, so that the transformation carried out by the previousleadership can be followed by the next leaders, the official added./.
SOEsMinister Erick Thohir said on September 13 that the current transformation isnot part of restructuring the enterprises or shrinking their number from 108 to41, the ANTARA news agency reported.
Highlightingthe four key areas of SOE transformation, he noted: “Firstly, we will ensure thatthe SOE as a corporation can make a consistent and large contribution to thestate.”
SOEs already have a track record of contributing greatly tothe state over the last 10 years in the form of taxes and dividends. Withthe current state of this pandemic, the contribution of SOEs to the state mustnot decrease.
“One way toovercome this is by ensuring supply chains and ecosystems to make efficiency sothat SOEs financials are still getting healthier," Thohir said.
Secondly, due to the COVID-19 pandemic, people's lives havechanged and digitalisation has also changed. Thus, SOEs must prepare to competein a very open market and have a very strong business model such as by synergizingultra micro SOEs and micro, small, and medium enterprises (MSMEs) so as to havethe strength to balance the economy, he went on.
Thirdly, how the SOE transformation actually impacts thecommunity needs to be traced, the minister said, noting that easy access tofunding should be ensured, especially in the ultra micro sector.
Fourthly, it is important that internally, SOEs are sustainablein every aspect, so that the transformation carried out by the previousleadership can be followed by the next leaders, the official added./.
VNA
