Transformation of SOE Ministry Annual Report 2020
CHAPTER 1 2 3 4 5 6 7
SOE PORTFOLIO & CONSOLIDATED FINANCIAL PERFORMANCE REVIEW
MINISTRY OF STATE-OWNED ENTERPRISES
CLUSTERING &
HOLDING
Clusters under Deputy Minister |
ANNUAL REPORT 2020
Clusters under Deputy Minister II
Clusters DANAREKSA - PPA
Efforts to optimize and refocus SOEs' businesses
encouraged the Ministry of SOE to make fundamental
changes in the management of state-owned enterprises.
The first transformation step, the efficiency and
restructuring of SOES, was taken after SOEs were mapped
and classified into four categories.
First, SOEs focused on generating economic value and
providing added value for the Indonesia (surplus creator).
Second, SOEs focused on public services (welfare
creator). Third, SOEs assigned to provide economic value
as well as public services (strategic value), and fourth,
SOES with neither economic nor social value (dead
weight).
The mapping also confirmed low-value state-owned
enterprises, particularly SOES with negative profitability and
lack the competitiveness to survive in the current business
landscape, that are identified as SOES to be liquidated.
However, SOEs with significant debt are given revamp
opportunity, as they are still at least profitable and have
the potential to grow in the future.
To that end, clustering and downsizing the number of SOE
holdings is a strategic step for the Ministry of SOE to form
a more optimum corporate portfolio and restructuring
through consolidation, mergers, acquisitions, and
establishment of SOE holdings.
The clustering of SOES and formation of SOE holdings
are carried out based on supply-chain linkages, business
scale and complexity, and similarities in industry, business
models, and value chains. The goal is enabling SOEs
to focus more on core businesses that clearly provide
benefits, stronger synergies in business models from
upstream to downstream, and increase value added for
the society and the country.
Deputy Minister 1 manages six clusters in the industrial
sector, while Deputy Minister 2 manages six clusters in
the service sector. The division was done to increase the
effectiveness of the development and management of
SOES, build a healthy ecosystem, and enable every SOE to
develop and provide added value to the country.
ENERGY, OIL & GAS
•
•
PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero)
PT Energy Management Indonesia (Persero)
MINERAL & COAL
PT Indonesia Asahan Alumunium (Persero)
FERTILIZER & FOOD
•
PT Pupuk Indonesia (Persero)
Perum Bulog
PT Rajawali Nusantara Indonesia (Persero)
PT Sang Hyang Seri (Persero)
PT Perusahaan Perdagangan Indonesia (Persero)
PT Pertani (Persero)
•
PT Bhanda Ghara Reksa (Persero)
•
PT Garam (Persero)
•
PT Perikanan Indonesia (Persero)
•
PT Berdikari (Persero)
•
PT Perikanan Nusantara (Persero)
PLANTATION & FORESTRY
MANUFACTURING
FINANCIAL SERVICES
•
PT Bank Rakyat Indonesia (Persero) Tbk
•
•
PT Bank Mandiri (Persero) Tbk
•
PT Bank Negara Indonesia (Persero) Tbk
•
.
•
PT Bank Tabungan Negara (Persero) Tbk
PT Pegadaian (Persero)
.
PT Permodalan Nasional Madani (Persero)
Perum Percetakan Uang Republik Indonesia
INFRASTRUCTURE
PT Hutama Karya (Persero)
•
•
•
•
PT Perusahaan Pengelola Aset (Persero)
PT Barata Indonesia (Persero)
PT Danareksa (Persero)
PT Kliring Berjangka Indonesia (Persero)
PT Dok dan Perkapalan Kodja Bahari (Persero)
PT Kawasan Berikat Nusantara (Persero)
Perum Jasa Tirta II
PT Industri Telekomunikasi Indonesia (Persero)
PT Djakarta Lloyd (Persero)
PT Pengembangan Armada Niaga Nasional (Persero)
Perum Percetakan Negara Republik Indonesia
•
•
PT Waskita Karya (Persero) Tbk
.
PT Jasa Marga (Persero) Tbk
•
PT Semen Indonesia (Persero) Tbk
•
PT Amarta Karya (Persero)
•
PT Kertas Kraft Aceh (Persero)
•
PT Wijaya Karya (Persero) Tbk
•
PT Boma Bisma Indra (Persero)
.
PT Pembangunan Perumahan (Persero) Tbk
•
Perum Jasa Tirta I
•
PT Adhi Karya (Persero) Tbk
•
Perum Perumnas
PT Indah Karya (Persero)
•
PT Brantas Abipraya (Persero)
•
PT Semen Baturaja (Persero) Tbk
•
INSURANCE & PENSION FUND
•
•
PT Perkebunan Nusantara III (Persero)
Perum Perhutani
•
PT Taspen (Persero)
•
.
PT Bahana Pembinaan Usaha Indonesia (Persero)
•
PT ASABRI (Persero)
.
PT Asuransi Jiwasraya (Persero)
•
PT Reasuransi Indonesia Utama (Persero)
TOURISM & SUPPORTING SERVICES
•
•
PT Garuda Indonesia (Persero) Tbk
•
PT Angkasa pura II (Persero)
•
PT Angkasa Pura I (Persero)
•
PT Hotel Indonesia Natour (Persero)
PT Dirgantara Indonesia (Persero)
PT PAL Indonesia (Persero)
•
PT Krakatau Steel (Persero) Tbk
•
PT Pindad (Persero)
•
PT LEN Industri (Persero)
PT Sucofindo (Persero)
PT Dahana (Persero)
PT Surveyor Indonesia (Persero)
PT Biro Klasifikasi Indonesia (Persero)
HEALTH
PT Biofarma (Persero)
•
||
PT Industri Nuklir Indonesia (Persero)
•
Perum LPPNPI
PT Pengembangan Pariwisata Indonesia (Persero)
•
PT TWC BP dan RB (Persero)
•
PT Sarinah (Persero)
•
PT Survei Udara Penas (Persero)
TELECOMMUNICATION & MEDIA
.
PT Telkom Indonesia (Persero) Tbk
LOGISTICS
PT Industri Kapal Indonesia (Persero)
PT Dok dan Perkapalan Surabaya (Persero)
PT Semen Kupang (Persero)
•
PT Yodya Karya (Persero)
PT Industri Sandang Nusantara (Persero)
PT Kawasan Industri Medan (Persero)
PT Istaka Karya (Persero)
•
PT Virama Karya (Persero)
•
PT Merpati Nusantara Airlines (Persero)
PT Kawasan Industri Wijayakusuma (Persero)
PT Indra Karya (Persero)
PT Kawasan Industri Makassar (Persero)
Perum Lembaga Kantor Berita Nasional Antara
PT Balai Pustaka (Persero)
•
PT Primissima (Persero)
PT Bina Karya (Persero)
PT Pengembangan Daerah Industri Pulau Batam
(Persero)
Perum Produksi Film Negara
PT Industri Gelas (Persero)
PT Kertas Leces (Persero) (in bankruptcy)
•
•
•
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SOE clusters are established
in line with SOEs value chain
and core business
•
PT Kereta Api Indonesia (Persero)
•
PT Pelabuhan Indonesia II (Persero)
.
PT Pelabuhan Indonesia III (Persero)
•
||
•
RESILIENCE AMIDST UNCERTAINTY
PT Pelabuhan Indonesia I (Persero)
PT Pelabuhan Indonesia IV (Persero)
•
PT POS Indonesia (Persero)
•
.
•
PT ASDP Indonesia Ferry (Persero)
PT Pelayaran Nasional Indonesia (Persero)
PT Industri Kereta Api (Persero)
Perum Damri
Perum PPD
PT Varuna Tirta Prakasya (Persero)
RESILIENCE AMIDST UNCERTAINTY
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