State-owned enterprises of Indonesia

In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businessess, and source of government revenue .[3] The Ministry of State Owned Enterprises represents the government's function as a shareholder of those companies.

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 effective in 1 July 2020. It replaces the BUMN Hadir Untuk Negeri ("SOEs Serving the Nation") campaign, launched in 2016 in conjunction with the Ministry's 18th anniversary.[2] The logo above appears in nearly all publicity made by Indonesian SOEs (usually placed in the upper-left corner), except Garuda Indonesia

Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs is controlled by Ministry of State Owned Enterprise while BUMDs is directly controlled by local government. BUMDs roles are similar with BUMNs, with heavy emphasis on providing goods or services to the local community.

History

Dutch colonial era

Headquarters of the Posts, Telegraph and Telephone Service of the Dutch East Indies, built simultaneously with the above building, now headquarters of Pos Indonesia

During the Dutch colonial era, the government had a monopoly on the opium, pawnbroking (nationalized in 1 April 1901), posts (including the Post Office Savings Bank), telegraph and telephone industry, as well as owning most of the railways and electric utilities. They are managed by the Department of State-Owned Enterprises (Dutch: Department van Gouvernementsbedrijven).

Post-independence

By the end of the Dutch–Indonesian Round Table Conference, the Indonesian government had a major or complete ownership on the public utility, buses, railways, banks and communications.

With the beginning of Guided Democracy in Indonesia, many Dutch-owned companies, or Indonesian branches of Dutch companies, were nationalized (see Nationalized Dutch companies below).

During the New Order, the nationalized companies were still state-owned. Some of the companies were listed in the Jakarta Stock Exchange later on.

Today the largest banks in Indonesia are mostly state-owned.

List of foreign companies nationalized during Guided Democracy

  • The Indonesian businesses of Nillmij becomes PT Asuransi Jiwasraya (Persero). In the Netherlands, Nillmij eventually becomes Aegon N.V.
  • The national compulsory auto insurance provider, Jasa Raharja, was originally a merger of several nationalized insurance companies.
  • Bank Mandiri was a merger of:
  • Bank Rakyat Indonesia was known as
    • 1845: "Purwokertoan Assistance and Savings Bank for Native Aristocrats" (Dutch: De Purwokertosche Hulp- en Spaarbank der Inlandsche Hoofden).
    • 1934-42: "General Public Credit Bank" (Dutch: Algemene Volkskredietbank),
    • 1942-45: Shomin Ginkō (庶民銀行, "Common People's Bank") during Japanese occupation
  • Bank Tabungan Negara was known as
    • 1897-42: "Post Office Savings Bank" (Dutch: Postspaarbank)
    • 1942-45: Savings Office (Japanese: 貯金局, Hepburn: Chokin-kyoku, Nihon-shiki:Tyokin-kyoku)
    • 1945-63: "Post Office Savings Bank" (Indonesian: Bank Tabungan Pos)
  • Construction industry:
    • Hollandsche Beton Maatschappij (eventually acquired by Royal BAM Group) becomes Hutama Karya
    • Architecten, Ingineurs en Aannemersbedrijf Associatie Selle en de Bruyn, Reyerse en de Vries NV becomes Adhi Karya
    • Royal Adriaan Volker Group (now VolkerWessels) trading as Volker Aannemingsmaatschappij NV in Indonesia, becomes Waskita Karya
    • Aannemingsmaatschapij "De Kondor" NV (later IBB-Kondor and KondorWessels and now VolkerWessels) becomes Kumala Karya, defunct 1971
    • Nederlandse Aannemingsmaatschappij NV (now Ballast Nedam) becomes Nindya Karya
    • NV Architecten-Ingenieursbureau Fermont te Weltevreden en Ed. Cuypers te Amsterdam becomes Virama Karya
    • NV Technisch Handelmaatschappij Vis & Co. becomes Wijaya Karya
    • Indonesian Electrical and Mechanical Engineers and Contractors (INDEMEC) C.V. formerly Technisch Bureau H&S becomes Indra Karya
    • PT Biro Arsitek Job & Sprey/Architectenbureau Job en Sprey NV becomes Yodya Karya
    • NV Air Bersih
  • Indonesia Trading Company (Perusahaan Perdagangan Indonesia) is a nationalized company from several trading companies such as N.V. Borneo Sumatra Maatschappij (Borsumij), Internationale Crediet- en Handelsvereeniging "Rotterdam" (Internatio, one of the predecessors of Imtech), Lindeteves, and Geo Wehry.
  • PT Sang Hyang Seri from Pamanukan & Tjiasem Lands (since 1940, nationalized at 1957).
  • PT Rajawali Nusantara Indonesia from Kian Gwan (nationalized at 1961).
  • Perum DAMRI (Djawatan Angkoetan Motor Repoeblik Indonesia) from the Java Transportation Enterprise (Japanese: ジャワ運輸事業社, Hepburn: Jawa Un'yu Jigyōsha, Nihon-shiki: Zyawa Un'yu Zigyôsya) and Automobile Board (Japanese: 自動車総局, Hepburn: Jidōsha Sōkyoku, Nihon-shiki: Zidôsha Sôkyoku).
  • PT Garuda Indonesia
  • Indonesian Railway Company (Kereta Api Indonesia)
  • Pengangkutan Penumpang Djakarta
    • 1925-42,45-54 : Bataviache Verkeers Maatchappij (BVMNV)
    • 1942-45: Jakarta Tram (ジャカルタ市電, Jakarta Shiden)

Types of SOEs

Since 2003, there are two types of state-owned enterprises (SOEs) in Indonesia:

  • Perusahaan Umum (Perum) (lit. "public company"), are statutory public-benefit corporations with no shareholders. The main purpose of these SOEs is to provide goods and/or services to public. These firms are allowed to pursue profits. Perums, however, are increasingly rare as the government are converting many of them into perusahaan perseroan (see below), especially after the 1980s.
  • Perusahaan Perseroan (Persero) are SOEs which are perseroan terbatas (PT) (i.e. a joint-stock company). This type of SOE is more independent than the Perums and the main goals of these firms are to gain profits and contribute to government revenue. This type of SOE is easy to recognize because they have the term Persero attached to their names. These SOEs, however, are subject to general perseroan terbatas laws, and similar to ordinary PTs its establishment and amendments to its articles of association, including increases to its capital, must be executed before a civil law notary with a notarial act, unlike Perums where its Articles of association (including amendments and capital increases) is directly legislated.
    There are two sub-type of Perusahaan Perseroan:
  1. Perusahaan Perseroan Terbuka (Persero Tbk.), or Public company, which are enterprises whose ownership belongs both to the government and to the general public which issue freely traded shares the stock exchange (or in over the counter markets). This subtype of SOEs also has the suffix Tbk. attached to their names.
  2. Perusahaan Perseroan Pemerintah which are enterprises whose ownership are 100% government-owned.

Until 2003, there was also another type of SOE called Perusahaan Jawatan (Perjan/PJ) (lit. service company) which had operational costs funded from the national budget. Employees of these SOEs were civil servants and the companies were regarded as government agencies. Firms in this category have been either upgraded into other types of SOEs or converted into government agencies.

List of companies

Information on the state-owned enterprises (SOEs) is drawn from the Ministry of State Owned Enterprises portal.[4]

Indonesian SOEs subdivided into 12 clusters.

Telecommunications and Media Services
CompanyCommon NameSectorWebsite
PT Telekomunikasi Indonesia TbkTelkomInformation and Telecommunicationhttps://www.telkom.com/id
Perum Produksi Film NegaraPFNInformation and Telecommunicationhttps://www.pfn.com/id
Energy, Oil, and Gas Industry
CompanyCommon NameSectorWebsite
PT Perusahaan Listrik Negara (Persero)PLNElectricity Supplyhttps://www.pln.com/id
PT Perusahaan Gas Negara (Persero) TbkPGNGas, Steam and Cold Air Supplyhttps://www.pgn.com/id
PT PertaminaPertaminaMining and Explorationhttps://www.pertamina.com/id
PT Energy Management Indonesia (Persero)EMIEnergyhttps://www.ptemipersero.com/id
Tourism Services
CompanyCommon NameSectorWebsite
PT Garuda Indonesia (Persero) TbkGaruda IndonesiaAir Transportationhttps://www.garuda-indonesia.com/id
PT Angkasa Pura I (Persero)Angkasa Pura IAirport Managementhttps://www.ap1.com/id
PT Angkasa Pura II (Persero)Angkasa Pura IIAirport Managementhttps://www.angkasapura2.com/id
PT Hotel Indonesia Natour (Persero)InnaAccommodation and Food & Beverages Serviceshttps://www.innagroup.com/id
PT Pengembangan Pariwisata Indonesia (Persero)Indonesia Tourism Development Corporation (ITDC)Real Estatehttps://www.itdc.com/id
PT Taman Wisata Candi Borobudur, Prambanan, & Ratu Boko (Persero)TWC, BP, and RBReal Estatehttps://www.borobudurpark.com/id
PT Sarinah (Persero)SarinahWholesaler and Retail Tradehttps://www.sarinah.com/id
Perum Lembaga Penyelenggara Pelayanan Navigasi Penerbangan IndonesiaAirNav IndonesiaAir Traffic Managementhttps://www.airnavindonesia.com/id
PT Survai Udara Penas (Persero)PenasSurveyor, Certification and Industrial Consultanthttps://www.penas.com/id
Insurance Services
CompanyCommon NameSectorWebsite
PT Jaminan Kredit IndonesiaJamkrindoFinancial Services and Bankinghttps://www.jamkrindo.com/id
PT ASABRI (Persero)ASABRIArmy Insurancehttps://www.asabri.com/id
PT Asuransi Jasa IndonesiaAsuransi JasindoInsurancehttps://www.jasindo.com/id
PT Asuransi Jiwasraya (Persero)JiwasrayaInsurancehttps://www.jiwasraya.com/id
PT Jasa RaharjaJasa RaharjaInsurancehttps://www.jasaraharja.com/id
PT Asuransi Kredit IndonesiaAskrindoInsurancehttps://www.askrindo.com/id
PT Bahana Pembinaan Usaha Indonesia (Persero)BahanaInvestment Holdinghttps://www.bahana.com/id
PT Reasuransi Indonesia Utama (Persero)Indonesia ReInsurancehttps://www.indonesiare.com/
PT Taspen (Persero)TaspenPension Fund Managementhttps://www.taspen.com/id
Financial Services
CompanyCommon NameSectorWebsite
PT Bank Mandiri (Persero) TbkBank MandiriFinancial Services and Bankinghttps://www.bankmandiri.com/id
PT Bank Negara Indonesia (Persero) TbkBank BNIFinancial Services and Bankinghttps://www.bni.com/id
PT Bank Rakyat Indonesia (Persero) TbkBank BRIFinancial Services and Bankinghttps://www.bri.com/id
PT Bank Tabungan Negara (Persero) TbkBank BTNFinancial Services and Bankinghttps://www.btn.com/id
PT Bank Syariah Indonesia (Persero) Tbk Bank Syariah Indonesia Financial Services and Banking https://bankbsi.co.id/
PT Danareksa (Persero)DanareksaFinancial Services and Bankinghttps://www.danareksa.com/id
PT Pegadaian (Persero)PegadaianFinancial Services and Banking (Mortgage)https://www.pegadaian.com/id
PT Permodalan Nasional Madani (Persero)PNMFinancial Services and Bankinghttps://www.pnm.com/id
PT Perusahaan Pengelola Aset (Persero)PPAFinancial Services and Bankinghttps://www.ptppa.com/id
Perum Percetakan Uang Republik IndonesiaPeruriPrintinghttps://www.peruri.com/id
Food and Fertilizer Industry
CompanyCommon NameSectorWebsite
Perum BULOGBULOGFood Supply Chainhttps://www.bulog.com/id
PT Perusahaan Perdagangan Indonesia (Persero)Indonesia Trading Company (ITC)Wholesaler and Retail Tradehttps://www.ptppi.com/id
PT Bhanda Ghara Reksa (Persero)BGRLogistic and Freighthttps://www.bgrindonesia.com/id
PT Berdikari (Persero)BerdikariLivestock Wholesaler and Retail Tradehttps://www.berdikari-persero.com/id
PT Sang Hyang Seri (Persero)Sang Hyang SeriAgriculturehttps://www.sanghyangseri.com/id
PT Pertani (Persero)PertaniPlantationhttps://www.pertani.com/id
Perum Perikanan IndonesiaPerindoFisheryhttps://www.perumperindo.com/id
PT Perikanan Nusantara (Persero)PerinusFisheryhttps://www.perinus.com/id
PT Pupuk Indonesia (Persero)Pupuk IndonesiaProcessing Manufacturehttps://www.pupuk-indonesia.com/id
PT Rajawali Nusantara Indonesia (Persero)RNIPlantationhttps://www.rni.com/id
PT Garam (Persero)GaramProcessing Manufacturehttps://www.ptgaram.com/id
Infrastructure Services
CompanyCommon NameSectorWebsite
PT Jasa Marga (Persero) TbkJasa MargaRoad and Highway Managementhttps://www.jasamarga.com/id
PT Adhi Karya (Persero) TbkAdhiConstructionhttps://www.adhi.com/id
PT Hutama Karya (Persero)HKConstructionhttps://www.hutamakarya.com/id
PT Waskita Karya (Persero) TbkWaskitaConstructionhttps://www.waskita.com/id
PT Nindya Karya (Persero) NindyaConstructionhttps://www.nindyakarya.com/id
PT Pembangunan Perumahan (Persero) TbkPPConstructionhttps://www.pt-pp.com/id
PT Wijaya Karya (Persero) TbkWikaConstructionhttps://www.wika.com/id
Perum Pembangunan Perumahan NasionalPerumnasConstructionhttps://www.perumnas.com/id
PT Brantas Abipraya (Persero)AbiprayaConstructionhttps://www.brantas-abipraya.com/id
PT Semen Baturaja (Persero) TbkSemen BaturajaProcessing Manufacturehttps://www.semenbaturaja.com/id
PT Semen Indonesia (Persero) TbkSemen IndonesiaProcessing Manufacturehttps://www.semenindonesia.com/id
Plantation and Forestry
CompanyCommon NameSectorWebsite
Perum PerhutaniPerhutaniForestryhttps://www.perhutani.co.id
PT Perkebunan Nusantara I (Persero)PTPN IPlantationhttps://www.ptpn1.com/
PT Perkebunan Nusantara II (Persero)PTPN IIPlantationhttps://www.ptpn2.com/
PT Perkebunan Nusantara III (Persero)PTPN IIIPlantationhttps://www.ptpn3.com/id
PT Perkebunan Nusantara IV (Persero)PTPN IVPlantationhttps://www.ptpn4.com/id
PT Perkebunan Nusantara V (Persero)PTPN VPlantationhttps://www.ptpn5.com/
PT Perkebunan Nusantara VI (Persero)PTPN VIPlantationhttps://www.ptpn6.com/
PT Perkebunan Nusantara VII (Persero)PTPN VIIPlantationhttps://www.ptpn7.com/
PT Perkebunan Nusantara VIII (Persero)PTPN VIIIPlantationhttps://www.ptpn8.com/
PT Perkebunan Nusantara IX (Persero)PTPN IXPlantationhttps://www.ptpnix.com/id
PT Perkebunan Nusantara X (Persero)PTPN XPlantationhttps://www.ptpn10.com/id
PT Perkebunan Nusantara XI (Persero)PTPN XIPlantationhttps://www.ptpn11.com/id
PT Perkebunan Nusantara XII (Persero)PTPN XIIPlantationhttps://www.ptpn12.com/id
PT Perkebunan Nusantara XIII (Persero)PTPN XIIIPlantationhttps://www.ptpn13.com/id
PT Perkebunan Nusantara XIV (Persero)PTPN XIVPlantationhttps://www.ptpnxiv.com/id
Mineral and Coal Industry
CompanyCommon NameSectorWebsite
PT Indonesia Asahan Aluminium (Persero)InalumMining and Explorationhttps://www.inalum.co.id/
PT Bukit Asam TbkBukit AsamMining and Explorationhttps://www.ptba.com/id
PT Timah TbkTimahMining and Explorationhttps://www.timah.com/id
PT Aneka Tambang TbkAntamMining and Explorationhttps://www.antam.com/id
Manufacturing Industry
CompanyCommon NameSectorWebsite
PT Industri Kereta Api (Persero)INKARailway Manufacturehttps://www.inka.co.id/
PT Pindad (Persero)PindadArm and Munition Manufacturehttps://www.pindad.com/
PT Sucofindo (Persero)SucofindoSurveyor, Certification and Industrial Consultanthttps://www.sucofindo.com/
PT Surveyor Indonesia (Persero)Surveyor IndonesiaSurveyor, Certification and Industrial Consultanthttps://www.ptsi.com/
PT Dirgantara Indonesia (Persero)Indonesian Aerospace (IAe)Aircraft Manufacturehttps://www.indonesian-aerospace.com/
PT Len Industri (Persero)Len IndustriProcessing Manufacturehttps://www.len.com/
PT Krakatau Steel (Persero) TbkKrakatau SteelProcessing Manufacturehttps://www.krakatausteel.com/
PT Dahana (Persero)DahanaProcessing Manufacturehttps://www.dahana.com/
PT PAL Indonesia (Persero)PAL IndonesiaShip Manufacture and Dockyard Managementhttps://www.pal.com/
Logistics Industry
CompanyCommon NameSectorWebsite
Perum DAMRIDAMRITransportationhttps://www.damri.co.id/
PT Kereta Api Indonesia (Persero)KAIRailway Servicehttps://www.kai.com/
PT Pos Indonesia (Persero)Pos IndonesiaPost, Mail Service and Telecommunicationhttps://www.posindonesia.com/
PT Pelayaran Nasional Indonesia (Persero)PelniSea Transportationhttps://www.pelni.com/
Perum Pengangkutan Penumpang DjakartaPPDLand Transportationhttps://www.perumppd.com/
PT ASDP Indonesia Ferry (Persero)ASDP Indonesia FerryRiver and Water Transport Providerhttps://www.indonesiaferry.co.id/
PT Pelabuhan Indonesia I (Persero)Pelindo I/IPC ISea Port Managementhttps://www.pelindo1.com/id/
PT Pelabuhan Indonesia II (Persero)Pelindo II/IPC IISea Port Managementhttps://www.indonesiaport.com/id
PT Pelabuhan Indonesia III (Persero)Pelindo III/IPC IIISea Port Managementhttps://www.pelindo.com/id/
PT Pelabuhan Indonesia IV (Persero)Pelindo IV/IPC IVSea Port Managementhttps://www.inaport4.com/id/
PT Varuna Tirta Prakasya (Persero)VTP LogisticsLogistic and Freighthttps://www.vtp.com/id
Health Industry
CompanyCommon NameSectorWebsite
PT Biofarma (Persero)BiofarmaPharmacy Manufacturehttps://www.biofarma.com/id/en/
PT Industri Nuklir Indonesia (Persero)INUKIProcessing Manufacturehttps://www.inuki.com/id
PT Indofarma TbkIndofarmaPharmacy Manufacturehttps://www.indofarma.com/id
PT Kimia Farma TbkKimia FarmaPharmacy Manufacturehttps://www.kimiafarma.com/id

See also

References

  1. "Berharap Go Global, Erick Thohir Ganti Slogan 'BUMN Hadir untuk Negeri' jadi 'BUMN untuk Indonesia'". BusinessNews Indonesia. 14 April 2020. Retrieved 10 May 2020.
  2. developer, medcom id (2016-04-13). "BUMN Hadir untuk Negeri di Hari Jadi ke-18 Tahun". medcom.id (in Indonesian). Retrieved 2019-05-25.
  3. "Indonesian - Role of BUMN |" (in Indonesian). Retrieved 6 June 2017.
  4. "Klaster Industri". Retrieved 16 October 2020.
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