The Indonesian government is planning to set up a super holding company to act as an umbrella organisation for state-owned enterprises, including national oil and gas company Pertamina, writes Amanda Battersby.
The proposal was revealed by President Joko Widodo before this week’s presidential elections and confirmed by State-Owned Enterprises Minister Rini Soemarno. The key, said Rini, is to ensure that all state-owned holding companies are run professionally, away from the bureaucracy-driven culture that currently still exists in many holding and state-owned companies.
