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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]
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.
The Ministry of Investment and Downstream Industry/Indonesia Investment Coordinating Board (Indonesian: Kementerian Investasi dan Hilirisasi/Badan Koordinasi Penanaman Modal) is a government ministry formed by the Indonesian government in 2021. The ministry is responsible for investment affairs and facilitating easiness of investment in Indonesia.
On 30 March 2021, Joko Widodo submitted a Presidential Letter No. R-14/Pres/03/2021 to People's Representative Council contained a proposal for major change his cabinet. In his Presidential Letter, Ministry of Investment, will be spin off from existing Coordinating Ministry for Maritime and Investments Affairs to be independent ministry on its own, but still under its coordination.
Pertamina Drilling Services Indonesia PT PDSI was established on 13 June 2008 as a drilling service management business entity. The services provided comprise drilling, workover activities, and drilling services that use a Daily Rate and Integrated Drilling Management (MPT) system for oil, gas, and geothermal wells.
The first Republican government-controlled bank, the Indonesian State Bank (Bank Negara Indonesia, BNI) was founded on 5 July 1946. It initially acted as the manufacturer and distributor of ORI (Oeang Republik Indonesia/Money of the Republic of Indonesia), a currency issued by the Republican Government which was the predecessor of Rupiah. [45]
PT Perusahaan Listrik Negara (Persero) (lit. ' State Electricity Company ' , abbreviated as PLN ) is an Indonesian government-owned corporation which has a monopoly on electric power distribution in Indonesia and generates the majority of the country's electrical power, producing 176.4 TWh in 2015.
' Indonesia Trading Company '), or PPI, is the only Indonesian state-owned trading house. Its business is in export , import and distribution . 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.