Transformation of SOE Ministry Annual Report 2020
CHAPTER 1 234567
THE ROLE OF SOE IN THE RECOVERY OF HEALTH & ECONOMIC ASPECTS
MINISTRY OF STATE-OWNED ENTERPRISES
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DISTRIBUTING ECONOMIC SUPPORT
ANNUAL REPORT 2020
SOES are the government's strategic partner to maintain
price stability, staple food availability, and continuity of
essential services. SOEs are also the engine behind the
success of PEN under KPCPEN coordination by distributing
social assistance through the banking system or directly.
From the state-owned banks to PT Pos Indonesia, SOES
play a strategic role in making sure that social assistance
programs reach their recipients, such as the conditional
cash transfer Family Hope Program, rice assistance from
Bulog, Pre-Employment Card, and electricity bill discounts.
Until the end of 2020, the state-owned banks have
received Rp47.5 trillion of Government placement as
part of the PEN stimulus. They also disbursed loan of
Rp145.6 trillion (excluding credit restructuring) as part
of the stimulus program to 1.5 borrowers. In terms of
credit restructuring, the state-owned banks restructured
the credit of their 3.5 million borrowers that have been
affected by the pandemic.
Moreover, the state-owned banks disbursed micro loan
for micro, small, and medium enterprises, amounting to
Rp183.1 trillion for 5.6 million recipients or 97.9% of the
targeted Rp187.0 trillion. The state-owned banks also
carried out credit restructuring for their customers in the
MSME and Corporate segments, a total of Rp212.5 trillion
and 3.1 million MSME customers in 2020. Moreover, the
state-owned banks, PT Permodalan Nasional Madani
(Persero), and Pegadaian contributed a total of Rp35.3
trillion to subsidize KUR and non-KUR interest to alleviate
the burden of borrowers.
YAYASAN
BUMN
UNTUK
INDONESIA
The SOE for Indonesia Foundation
and the SOE COVID-19 Taskforce
spearhead the swift response of
the Ministry of SOE and SOEs at the
beginning of the COVID-19 outbreak
in Indonesia. The COVID-19 Taskforce
coordinated five areas of activities
and involved 26 SOEs to provide both
social and economic responses in 34
provinces.
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To maintain economic resilience, the Government also applied discounts of electricity bills for
households, businesses, and social activities. PLN, the state power company, offered the following
discounts:
1
100% discount for
Household customers
in the R1 450 VA, 11
450 V, and B1 450 VA
categories.
2
50% discount
for Household
customers in the
subsidized R1 900 VA
category, and
3
Waiver of minimum tariff,
load tariff, or subscription
tariff for customers in the
Social, Business, and Industry
Sectors.
Until the end of 2020, a total of Rp13.2 trillion stimulus was
disbursed that benefitted 33 million customers. In 2021,
until February 2021, a total of Rp2.7 trillion have been
disbursed with 31.9 million beneficiaries - not including
over 1.1 million prepaid customers in the R1 900 VA
category that are yet to top up their electricity credit.
These programs have helped the public and business
owners, particularly MSMEs, to withstand the pandemic
and at the same time continue to grow and expand.
In total, the COVID-19 Taskforce has
disbursed SOEs' assistance of Rp268.9
billion. The fund was used to procure
PPE, masks, disinfectants, hand
sanitizers, portable handwashing
facilities, vitamins, ventilators, staple
food packages, thermometer guns,
ambulance vehicles, incentives
for health workers, health facility
renovation to accommodate
COVID-19 patients, and renovation
of facilities to accommodate health
workers with the Hotel Indonesia
Group. Initiated by the Ministry of
SOE, the coronavirus test kits were
also procured and distributed to
central and regional government
hospitals.
To curb the spread of the virus, the
SOE Ministry through PT Angkasa
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BALANS
Pura II (Persero) as the airport authority of Soekarno Hatta
equipped thermal scanners at the arrival gate of this point
of entry of foreigners into Indonesia.
To speed up tests for patients under monitoring, the
Ministry of SOEs procured 17 PCR equipment from Roche,
a Switzerland-based company. The kits were immediately
distributed to state-owned hospitals in Jakarta and other
provinces in Java, Sumatra, Kalimantan, Sulawesi, and
Papua islands.
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The determination of the SOE Ministry in the battle against
the pandemic has received substantial support. Various
other SOES and private companies also joined the
efforts of helping the government addressing the crisis;
they donated PPE, rapid test kits, and ventilators to be
distributed by SOE for Indonesia Foundation.
RESILIENCE AMIDST UNCERTAINTY
RESILIENCE AMIDST UNCERTAINTY
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