15 State-Owned Logistics Firms to Be Merged into One Entity, Targeted for Completion in One Month

Jakarta (ANTARA) - The State-Owned Enterprises Regulatory Agency (BP BUMN) is accelerating the consolidation of 15 state-owned enterprises in the logistics sector into one business entity, targeted for completion within the next month.

Head of BP BUMN and COO of Danantara, Dony Oskaria, stated that this consolidation process is part of the SOE business transformation, expected to strengthen the competitiveness of SOEs.

“We will consolidate 15 (logistics SOEs); the process has already begun. Insyaallah, it will be completed within this month, and we will announce that the 15 companies will become one national logistics company,” he said at the Presidential Palace Complex in Jakarta on Tuesday.

In addition, he hopes that this transformation will make the benefits of SOE logistics more felt by the Indonesian people.

Previously, BP BUMN stated that PT Pos Indonesia is expected to become the anchor company in this consolidation.

That company will subsequently oversee SOE subsidiaries in the logistics ecosystem, such as PT Semen Indonesia Logistik, PT Pupuk Indonesia Logistik, and PT KAI Logistik.

Dony added that the consolidation process is part of the SOE restructuring targeted for completion this year.

This consolidation is expected to optimise the business capabilities of SOEs and create more effective and efficient business processes.

“Insya Allah, hopefully the SOE transformation process will be even faster and its benefits will be more felt by the Indonesian people,” he added.

Previously, President Prabowo Subianto has on several occasions emphasised the importance of rationalising the number of SOEs through restructuring. According to him, this step is expected not only to increase efficiency but also to strengthen the global competitiveness of SOEs.

The President assessed that the effectiveness of this restructuring has been proven when the government established the Danantara Investment Management Agency (BPI) in February last year, which reportedly achieved a return on assets (ROA) of 300 per cent in its first year.

“So, our premise turns out to be correct. Consolidation with one rational management, with the world’s best standards, the return on assets I received is above 300 per cent,” Prabowo said in his speech at the Danantara’s one-year anniversary last month.