{
    "success": true,
    "data": {
        "id": 1570977,
        "msgid": "west-java-provincial-government-aims-to-establish-west-java-sanggabuana-holding-by-august-1772050451",
        "date": "2026-02-25 23:26:21",
        "title": "West Java Provincial Government Aims to Establish West Java Sanggabuana Holding by August",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "The West Java Provincial Government is targeting the establishment of the West Java Sanggabuana Holding, a consolidation of regional state-owned enterprises (BUMDs), by August 2026, to consolidate assets and strengthen regional investment structures. The initiative, deemed feasible after a study, will initially focus on nine non-financial sector BUMDs, while discussions with the Financial Services Authority (OJK) are ongoing for the remaining 28 financial sector BUMDs.",
        "content": "<p>Bandung, West Java (ANTARA) - The West Java Provincial Government is\ntargeting the establishment of the West Java Sanggabuana Holding, a\nconsolidation of regional state-owned enterprises (BUMDs), by August\n2026, to consolidate assets and strengthen regional investment\nstructures.<\/p>\n<p>The Regional Secretary (Sekda) of West Java, Herman Suryatman,\naffirmed that this major step has undergone a feasibility study with a\nteam of experts from the Burhanuddin Abdullah Center (BA Center) and has\nalso been deemed feasible by the Ministry of Home Affairs.<\/p>\n<p>\u201cThe result is that, according to the study, it is feasible to\nestablish the holding,\u201d said Herman at the Gedung Sate Bandung, West\nJava, Wednesday.<\/p>\n<p>However, in this scheme, Herman ensured that PT Bank Pembangunan\nDaerah Jawa Barat and Banten (Bank BJB) will not be merged into the\nholding.<\/p>\n<p>This decision was made considering BJB\u2019s status as a systemic bank\nand a public company listed on the stock exchange.<\/p>\n<p>\u201cBJB will not be included in the holding because it is a systemic\nbank and has become a public company (IPO), so the mechanism is\ndifferent,\u201d said Herman.<\/p>\n<p>The initial stage of this consolidation will focus on nine\nnon-financial sector BUMDs.<\/p>\n<p>Meanwhile, for the other 28 financial sector BUMDs, the West Java\nProvincial Government is still conducting intensive consultations with\nthe Financial Services Authority (OJK).<\/p>\n<p>This holding establishment is a response to an internal evaluation by\nthe West Java Provincial Government, which found weaknesses in the\naspects of investment analysis and asset optimization in several\nregional companies.<\/p>\n<p>To support this policy, the West Java Provincial Government will soon\nsubmit two Draft Regional Regulations (Raperda) to the West Java\nRegional People\u2019s Representative Council (DPRD), namely the Draft\nRegional Regulation on the Establishment of the Holding and the Draft\nRegional Regulation on Capital Participation.<\/p>\n<p>\u201cThe final decision rests with the Governor and the DPRD in\naccordance with the legal and regulatory mechanisms. Our principle is,\nthe sooner the better, but we must still comply with the rules,\u201d said\nHerman.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/west-java-provincial-government-aims-to-establish-west-java-sanggabuana-holding-by-august-1772050451",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}