Erick Thohir Asks for Stronger Authority Over SOEs



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  • State-owned Enterprises (SOE) Minister Erick Thohir. ANTARA/Puspa Perwitasari

    State-owned Enterprises (SOE) Minister Erick Thohir. ANTARA/Puspa Perwitasari

    TEMPO.CO, JakartaState-owned Enterprises (SOE) Minister Erick Thohir demanded a more flexible regulation to grant his ministry a more powerful authority over state enterprises. The policy he meant is the Government's Regulation (PP) No. 41/2003.

    “We want PP 41/2003 to be more flexible so the role of SOE Ministry can be extended,” said Erick after a meeting with the House of Representatives (DPR) at the Parliament Complex, Senayan, Jakarta, Monday, December 2.

    The policy noted the assignment of positions, duties, and authorities of the Finance Minister to state companies, public companies, and service companies to SOE Minister. In this regulation, the SOE Ministry did not have the right to merge state-owned companies and liquid firms facing financial problems.

    Thus, Erick wanted the revised law to allow his ministry to have these two roles.

    According to the minister, he will submit the draft or the blueprint of the bill to President Joko “Jokowi” Widodo soon. However, as mandated in the law, he will not seize the power of the Finance Ministry.

    "Of course when it comes to matters regarding investment, that is the authority of the Finance Minister," Erick Thohir underlined, adding that the new bill would also regulate the establishment of subsidiaries.