Weekly Digest: Erick Thohir’s Maneuvers for SOEs Ministry

By Editorial Team 09/12/2019
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Summary

  • SOE Minister Erick Thohir ensured that he won’t proceed with the plan to establish an SOE super holding, but would replace it instead with SOE sub-holding, which combines SOEs based on the same business lines.
  • The super holding SOE plan was previously rejected by several political parties, especially the Indonesian Democratic Party-Struggle.
  • The Ministry of SOEs mulls to take over authority from the Ministry of Finance over the merger and closure of SOEs, which so far has been stipulated in government regulation.

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