How Govt Plans to Save the Troubled SOE Pension Funds

By Editorial Team 26/05/2023
SOE's burden
Summary

State-Owned Enterprises (SOEs) Minister Erick Thohir said that the pension funds of many SOEs in Indonesia were facing severe challenges due to mismanagement and corruption.

He said the ministry had found a pension fund worth Rp 9.5 trillion that indicated wrongdoing or unsuitable investment. “The SOE pension funds had a management deadline yesterday. We consolidated Rp 9.5 trillion, which indicated wrong investment or corruption,” he said at the SOEs Ministry in Jakarta on Thursday.

The ministry has taken action on the problematic pension fund by collaborating with the Attorney General’s Office (AGO). The AGO has named six suspects in the alleged corruption case in managing the PT Pelabuhan Indonesia Port and Dredging Company Pension Fund (DP4) from 2013 to 2019.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.