The 15th BUMN Award 2026 ceremony was held at the Borobudur Hotel in\nJakarta on Tuesday, 10 March 2026, organised by BUMN Track in\npartnership with BTA Academy. The event recognised various state-owned\nenterprises across multiple award categories.<\/p>\n
Dr.\u00a0Ir. Arief Yahya, M.Sc., Chair of the BUMN Award 2026 Jury, stated\nthat the ceremony\u2019s theme, \u201cBUMN Towards Golden Indonesia: Strong\nGovernance, Sustainable Economic Value,\u201d aligns with the ongoing\ntransformation phase of Indonesia\u2019s state-owned sector.<\/p>\n
According to Arief, strong governance extends beyond compliance to\nencompass system integrity, transparent decision-making, adaptive risk\nmanagement, and maintained public accountability. Sustainable economic\nvalue requires SOEs to generate profit whilst ensuring sustainability,\nresilience, and multiplier effects for the national economy.<\/p>\n
PT Pupuk Indonesia was recognised for strengthening industrial\nefficiency and implementing robust Good Corporate Governance (GCG).\nThese efforts were deemed capable of supporting long-term\ncompetitiveness in the fertiliser industry and supporting the national\nfood self-sufficiency programme.<\/p>\n
Reflecting this achievement, Pupuk Indonesia\u2019s President Director\nRahmad Pribadi was appointed The Best CEO for Visionary Leadership in\nthe BUMN and BUMN Subsidiary Company category.<\/p>\n
Additionally, Pupuk Indonesia won three further corporate awards:\nFirst place for Best Growth Strategy; First place for Best Strategic\nCollaboration; and Second place for Best Organisational\nTransformation.<\/p>\n
\u201cFor Pupuk Indonesia, business transformation is imperative through\nfactory revitalisation improvements coupled with strengthened governance\nas the foundation for maintaining company performance and, importantly,\nfor reinforcing our contribution to sustaining Indonesia\u2019s food\nself-sufficiency,\u201d said Rahmad Pribadi.<\/p>\n
The award recognised Pribadi\u2019s success in strengthening efficiency\nand production optimisation, including the construction and\nrevitalisation of seven factories over the next five years; securing\nfertiliser raw material supply; and expanding distribution capabilities\nnationwide.<\/p>\n
Furthermore, Pupuk Indonesia is preparing several strategic\ndevelopment measures for the coming years, including portfolio expansion\nand diversification such as methanol development and derivatives; clean\nammonia business development; and industrial support services.<\/p>\n
These strategic initiatives simultaneously support Pupuk Indonesia\u2019s\nrole in enhancing more effective national subsidised fertiliser\nmanagement in terms of both distribution and production efficiency. This\naligns with Presidential Regulation Number 113 of 2026, which refines\nPresidential Regulation Number 6 of 2025.<\/p>\n
Through efficiency gains, the government reduced subsidised\nfertiliser retail prices by 20 per cent in October 2025, the first such\nreduction in history.<\/p>\n
Pupuk Indonesia maintains equilibrium between business growth and\ngovernment mandate fulfilment to ensure subsidised fertiliser\navailability and affordability for farmers, an achievement that\ncontributed to the company winning first place for Best Growth\nStrategy.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bumn-award-2026-emphasises-strong-governance-and-sustainable-economic-value-1773323587", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }