REPUBLIKA.CO.ID, JAKARTA -- Minister of State-Owned Enterprises (BUMN) Erick Thohir positively welcomed the Draft Law (Bill) on the Third Amendment to Law Number 19 of 2003 on SOEs. Erick submitted this bill initiated by Parliament and received a positive response from the government.

Erick stated the bill was in line with President Prabowo Subianto's vision of encouraging independent economic development. Erick stressed the importance of managing and pooling state-owned assets as part of a grand strategy to achieve the economic growth target of eight percent.

“This SOE bill is the initiation of Parliament. I welcome it positively because it is in accordance with the vision of President Prabowo Subianto how the management and incorporation of these state-owned assets can be part of building our independent country,” Erick said at the SOE Ministry office, Jakarta, Friday (25/1/2025).

Erick added the effort is in line with a number of national priorities, such as downstream, industrialization, food self-sufficiency, energy, and job opening.

“This is in line with the economic growth target of eight percent, with derivatives such as downstream, industrialization, food self-sufficiency, energy, and also job openings,” he explained.

Erick also appreciated the existence of restructuring points in the draft bill, which he considered could speed up the process of improving the management of SOEs. According to him, during this time the process of closing or merging suboptimal state-owned enterprises took quite a long time.

“If we welcome it positively, because one of them is the restructuring point. So during this time, if you remember, some processes, for example, state-owned enterprises that were not managed well, which we also saw an increase that was not maximum, one of them we did close, but it is a long process. Well with this bill it looks like it could be shortened,” Erick said.

However, Erick confirmed that the government is still waiting for the outcome of detailed discussions at Parliament level. Erick is optimistic that the SOE bill can provide fresh air for the improvement of SOE governance while accelerating efforts to realize a vision of strong, independent, and sustainable economic development.

“I think these things are positive, but the details will be long. So I don't want to preface the content, because I don't know the content yet. But the view from the government, we welcome is positive,” Erick said.

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