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In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businesses ...
A state-owned enterprise (SOE) is a business entity which is established and/or owned by a national or state/provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector over means of production, provide commodities to citizens at a lower price, implement government policies, and/or to deliver products ...
Website. bumn.go.id. The Ministry of State-Owned Enterprises (Indonesian: Kementerian Badan Usaha Milik Negara, shortened as Kementerian BUMN) is an Indonesian government ministry that oversee the development of state-owned enterprises in Indonesia. The ministry is led by a Minister of State Owned Enterprises, who reports to the President. [1]
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The BUMN (State-owned enterprise) Ministry said that this cost overrun would be covered with funding from a consortium of shareholders and loans. The consortium will bear the 25% cost overrun originating from the state's capital participation that goes into PT Kereta Api Indonesia in the amount of IDR 4 trillion and China will lose IDR 3 trillion.
Kartika Wirjoatmodjo. Website. bumn.go.id. The current Indonesian minister of state owned enterprises is Erick Thohir since 23 October 2019. The minister is supported by deputy minister of state owned enterprises which is Pahala Mansury and Kartika Wirjoatmodjo. The minister administers the portfolio through the Ministry of State Owned Enterprises.
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