Indonesia will keep only 30 State-owed enterprises (SOE) by 2034 following the country’s consolidation roadmap between 2024 and 2034, according to Indonesian SOEs Minister Erick Thohir.
Minister of State-owned Enterprises Erick Thohir at a press conference in Jakarta on January 2, 2023. (Photo: antaranews.com)
Jakarta (VNA)– Indonesia will keep only 30 State-owed enterprises (SOE) by 2034 followingthe country’s consolidation roadmap between 2024 and 2034, according toIndonesian SOEs Minister Erick Thohir.
Speaking at a pressconference on January 2, Thohir said that the decision to consolidatestate-owned enterprises into 30 aims to develop state companies asthe bulwark of the national economy and avoid excessive government monopoliesin too many economic sectors.
He said that Indonesiawill develop the ecosystem including SOEs, Micro, Small, and Medium Enterprises(MSMEs), regional enterprises, and the private sector.
If an extraordinarysituation occurs, SOEs, as the bulwark of the national e🍎conomy,could then intervene, he added.
Earlier, the ministeraffirmed that the transformation to improve and enhance SOEs'performance will continue despite leadership succession in 2024. SOEs' transformation has successfully dispelled negative public perceptions deriding government companiesas inherently corrupt, as SOEs recorded the consolidated income of 124.7 trillion Rp (8billion USD) in 2021 and 155 trillion Rp by September2022, proving their capabilities to compete economically, he said. Thohir affirmed that he will continue tocreate more breakthroughs, including by consolidating a large number of statecompanies to only 30 firms, to create healthy and dependable companies fornational development./.
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Minister of State-owned Enterprises Erick Thohir at a press conference in Jakarta on January 2, 2023. (Photo: antaranews.com) 
