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The BUMN Untuk Indonesia ("SOEs for Indonesia") campaign was launched by the Ministry of State Owned Enterprises in April 2020; [1] this logo was introduced together with a rebranding of the Ministry and the introduction of the AKHLAK core values across all state-owned enterprises effective on 1 July 2020.
PPI was formed through the merger of three former so-called "Niaga" companies, state-owned trading companies PT Tjipta Niaga, PT Dharma Niaga and PT Pantja Niaga, on 31 March 2003. These three ex-"Niaga" belonged to the so-called "Big Five" of the colonial period of the Netherlands Indies , which were nationalized in the 1950s.
In 1965 the DAMRI BPU became a State Corporation (Indonesian: Perusahaan Negara, PN), and in 1982 it was reorganized as a public corporation. [2] [3] On 8 June 2023, Perum PPD, an Indonesian statutory corporation that moves in the transportation sector, specifically land transportation in Jakarta and areas surrounding the city, was merged into ...
Bank Mandiri was established on 2 October 1998, and the merged banks operated effectively as a single bank starting on 31 July 1999. The name Mandiri ( Indonesian for "self-reliant" or "independent") was coined by President B. J. Habibie during his presidency, with the hope that the bank could become a self-reliant bank and encourage the people ...
In 1949, the NIEM changed its name to Escomptobank, but remained headquartered in Jakarta.In 1958, however, its operations in Indonesia were nationalized, [2] and became part of Bank Dagang Negara [], which in 1999 merged with there other state-owned banks, Bank Bumi Daya [], Bank Ekspor Impor Indonesia [], and Bank Pembangunan Indonesia [], to form Bank Mandiri.
In addition, some regional banks have subsidiaries in forms of BPRs (Bank Perkreditan Rakyat, or People's Credit Banks) which are usually owned and operated by governments of regencies or cities, acting as municipally owned corporations.
In the same year Bakrie Group obtained the license to operate fixed wireless telecommunication and entered the telecommunications sector with PT. Bakrie Telecom. [6] In 2001, Bakrie Group entered gas and oil sector as PT. Energi Mega Persada (“ENRG”) a company focused on developing and exploring the upstream oil and gas in Indonesia was ...
In 1972, PT Musim Mas was officially established in Tanjung Mulia, Medan. The company expanded its operations in 1988 by starting its plantation in Rantau Prapat , North Sumatra. Two years later, in 1990, Musim Mas set up its first kernel-crushing plant in Medan and in 1991, it established its first palm oil mill in Rantau Prapat.