House Calls for Added Values from State Holding Companies

TEMPO.CO, Jakarta - Dodi Reza Alex Noerdin, deputy chairman of House of Representatives’ Commission VI overseeing trade, industry, and investment, said that the plan to establish state holding companies must create added values. He said the added values could be reflected by easy access for state-owned companies to conduct their operations and to take corporate actions appropriately, quickly and efficiently.

Dodi suggested that prerequisites and aims of the establishment of state holding companies were necessary.

“There are several things that must be intensively discussed by deputies of the State-Owned Enterprises Ministry and relevant stakeholders, as well as state-owned enterprises who will join the holding company,” he said at the Senayan Parliamentary Complex in Jakarta on Thursday, August 25, 2016.

According to him, the Commission will also discuss the plan to establish a super holding company with the Ministry.

“The goal is good. But we need to look at conditions to achieve the goal first,” said the lawmaker from the Functional Group (Golkar) Party.

Dodi viewed that the government could refer to foreign super holding companies, such as Singapore’s Temasek and Malaysia’s Khasanah, in the process. However, he reminded that state-owned enterprises must have the capability to compete in the global market before being incorporated into a super holding company.

The government is currently in the process of deliberating a plan to establish a state-owned holding company for six sectors, namely mining, oil and gas, housing, infrastructure, financial service and food.

ANGELINA ANJAR SAWITRI