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SOE Assets to Grow 11% in 2017

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7 February 2017 07:52 WIB

State-Owned Enterprises Minister Rini Soemarno. TEMPO/Dhemas Reviyanto

TEMPO.CO, Jakarta - The Ministry of State-Owned Enterprises (SOE) projected SOE assets to reach Rp7,035 trillion in 2017, or an 11.22 percent increase compared to last year’s figure of Rp6,325 trillion.

Data from the SOE Ministry as of February 6 shows that the projected SOE assets in 2016 increased by 9.8 percent compared to Rp5,760 trillion in 2015. “Assets growth was, among others, helped by improved SOE investments, which were funded by PMN [state capital investment],” the data revealed.

The projected assets of SOE in 2016 were higher than the government’s initial target of Rp5,632 trillion.

Meanwhile, SOE liabilities are projected to hit Rp4,643 trillion in 2017 or an increase compared to last year’s projected liabilities of Rp4,091 trillion. As such, the following are Indonesia’s top ten state-owned enterprises by assets in 2016.

PT Perusahaan Listrik Negara (Persero)
PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk
PT Pertamina (Persero)
PT Bank Negara Indonesia (Persero) Tbk
PT Bank Tabungan Negara (Persero) Tbk
PT Taspen (Persero)
PT Telekomunikasi Indonesia (Persero) Tbk
PT Perkebunan Nusantara III (Persero)
PT Pupuk Indonesia (Persero)

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