The State-Owned Enterprises (SOEs) Ministry of Indonesia will close down or merge state-owned companies that have consistently failed to make profits, as part of the government’s SOEs restructuring plan, according to an official.
Indonesia's State-Owned Enterprises (SOEs) Minister Erick Thohir (front, left) sits with deputy minister Kartika Tiko Wirjoatmodjo (center) (Source: www.thejakartapost.com)
Jakarta (VNA) – The State-Owned Enterprises (SOEs) Ministry of Indonesia will cꦬlose down or merge state-owned companies that have consistently failed to make profits, as part of the government’s SOEs restructuring plan, according to an off🌃icial.
Indonesian Deputy SOE Minister Kartika Tiko Wirjoatmodjo recently said that all underperforming SOEs were currently under review, as the ministry is looking to figure out which should be merged and dissolved. The review will also determine which companies will focus their operation on public services, he added. Earlier, on the sidelines of the Mandiri Investment Forum 2020 in Jakarta, Indonesian SOEs Minister Erick Thohir announced a plan which aims to reduce the number of state-owned firms to 100 from 142 at present in order to improve efficiency. The ministry will also enlist the help of state-owned asset management company PT Perusahaan Pengelolaan Aset (PPA) to assess which SOEs need to be merged or dissolved, he added. However, before the ministry can make such big decisions, it has to wait for a new regulation that will give the SOEs ministry broader managerial authority. Currently, the action can only be taken by the country’s Finance Ministry. Among the Indonesia’s current SOEs, 15 made up about 70 percent of the total profit, which amounted to 210 trillion rupiah (1.5 billion USD) last year./.
The Indonesian Ministry of Energy and Mineral on February 6 started the construction of a 255-kilometre pipeline that will supply gas for industries between Cirebon in West Java and Semarang in Central Java.
The Indonesian government plans to install rooftop solar panels on at least 800 public buildings across the country this year as it steps up its renewable energy push to lessen its reliance on fossil fuels.
Indonesian President Joko Widodo on February 6 ordered two state companies to manufacture long-range military drones, the first of their kind in the country, from 2022.
The foreign currency reserves of Indonesia last month reached 131.7 billion USD, nearing the 131.9 record level in January 2018 and 2.5 billion USD higher than the figure of the end of last year, the Bank Indonesia (BI) reported on February 7.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Indonesia's State-Owned Enterprises (SOEs) Minister Erick Thohir (front, left) sits with deputy minister Kartika Tiko Wirjoatmodjo (center) (Source: www.thejakartapost.com) 
