Finance Ministry Plans to Cooperate with OYO, RedDoorz

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Markus Wisnu Murti

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  • Hotel toilet illustration. 123rf

    Hotel toilet illustration. 123rf

    TEMPO.CO, Jakarta - The Finance Ministry said it planned to team up with two hotel management and booking platform startups, OYO and RedDoorz, in the management of state assets. However, the ministry could not confirm the follow-up on the plan yet to date.

    “I have not received an update yet. Maybe [the plan] has been followed-up on, but I have not been informed yet,” said Encep Sudarwan, State Property Management Director of the ministry’s State Assets Directorate General (DJKN), during a press conference at the ministry building, Jakarta, Friday, February 14.

    According to Encep, the cooperation would be carried out through the State Asset Management Agency (LMAN), a public service agency under the Finance Ministry. 

    However, LMAN's Director of Procurement and Funding, Qoswara, who was present at the press conference, was also tight-lipped on the matter. "That is under the authority of the other director," Qoswara said.

    The partnership plan was previously disclosed by the Director-General of State Assets, Isa Rachmatarwarta, at the end of 2019. He said the government was mulling to cooperate with the two hotel startups to manage the state assets, which are worth up to Rp6,000 trillion.

    Nevertheless, Encep ensured that the collaboration with OYO and RedDoorz would meet the terms and conditions, including in taxation affairs and the legal status of the two startups. "That's the basic thing," he concluded.

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