World

Indonesia to have only 30 SOEs in 2034

Indonesia will keep only 30 State-owed enterprises (SOE) by 2034 following the country’s consolidation roadmap between 2024 and 2034, according to Indonesian SOEs Minister Erick Thohir.
Indonesia to have only 30 SOEs in 2034 ảnh 1Minister of State-owned Enterprises Erick Thohir at a press conference in Jakarta on January 2, 2023. (Photo: antaranews.com)

Jakarta (VNA)– Indonesia will keep only 30 State-owed enterprises (SOE) by 2034 followingthe country’s consolidation roadmap between 2024 and 2034, according toIndonesian SOEs Minister Erick Thohir.

Speaking at a pressconference on January 2, Thohir said that the decision to consolidatestate-owned enterprises into 30 aims to develop state companies asthe bulwark of the national economy and avoid excessive government monopoliesin too many economic sectors.

He said that Indonesiawill develop the ecosystem including SOEs, Micro, Small, and Medium Enterprises(MSMEs), regional enterprises, and the private sector.

If an extraordinarysituation occurs, SOEs, as the bulwark of the national economy,could then intervene, he added.

Earlier, the ministeraffirmed that the transformation to improve and enhance SOEs'performance will continue despite leadership succession in 2024.

SOEs' transformation has successfully dispelled negative public perceptions deriding government companiesas inherently corrupt, as SOEs recorded the consolidated income of 124.7 trillion Rp (8billion USD) in 2021 and 155 trillion Rp by September2022, proving their capabilities to compete economically, he said.

Thohir affirmed that he will continue tocreate more breakthroughs, including by consolidating a large number of statecompanies to only 30 firms, to create healthy and dependable companies fornational development./.

VNA
#Vietnam Plus #Vietnam News Agency #Indonesia #SOE #national economy Indonesia
Follow VietnamPlus

Related News

Indonesia striving to lure nuclear power FDI

Indonesia striving to lure nuclear power FDI

The Indonesian government is looking to a new agency to boost foreign direct investment (FDI) in the nuclear energy industry, despite concerns surrounding the development of nuclear power plants.
Indonesia completely lifts COVID-19 restrictions

Indonesia completely lifts COVID-19 restrictions

Indonesian President Joko Widodo on December 30 said the nation has removed all remaining measures to control the spread of COVID-19, since most of the country's population already has antibodies against the disease.

See more

Malaysian Prime Minister Anwar Ibrahim (sixth from left) poses for a photo with foreign ministers of ASEAN countries, Timor Leste and ASEAN Secretary-General Dr. Kao Kim Hourn at the opening ceremony of the AMM-58 on July 9. (Photo: VNA)

AMM-58, related meetings open in Kuala Lumpur

AMM-58 is the largest gathering of ASEAN foreign ministers and senior diplomats from around the world to discuss pressing global and regional issues, promote cooperation, and advance the security and sustainability agenda in ASEAN.

(Photo: nationthailand.com)

Thailand hopes to conclude US trade talks before new deadline

The Southeast Asian country has offered to cut import duties on most US goods to zero, expand access for US agricultural and industrial products, and increase purchases of energy and Boeing jets. It also pledged to reduce its 46 billion USD trade surplus with the US by 70% within five years.

A resident buys vegetables at a Bangkok supermarket. (Photo: bangkokpost.com)

Thailand’s CPI falls for 3rd straight month in June

Thailand’s consumer price index (CPI) declined for a third consecutive month in June, attributed to lower energy and food prices, though there are no signs of deflation, according to the country’s Commerce Ministry.

Jirayu Huangsap, Spokesperson for the Prime Minister’s Office (Photo: The nation)

Thai cabinet approves withdrawal of entertainment complex bill

The bill, which had previously been proposed by the Ministry of Finance, outlined mechanisms for regulating entertainment businesses through a two-level committee system: the Comprehensive Entertainment Policy Committee and the Entertainment Business Control Board. The goal is to establish standards and regulatory measures for the industry.

Illustrative image (Photo: https://global.chinadaily.com.cn/)

Southeast Asia seeks additional tariff negotiations with US

The US decided to keep unchanged tariff rates on certain countries in Southeast Asia, such as 32% for Indonesia and 36% for Thailand, effective from August 1. Malaysia faces a 25% rate, up from the 24% that the US threatened in April.

A screenshot of the article.

Mexican media praises Vietnam’s development achievements

Since initiating the Doi Moi (Renewal) reforms in 1986, Vietnam has maintained strong momentum. In 2024, the country posted a GDP growth rate of 7.09%, placing it among the fastest-growing economies globally. Forecasts suggest it could join the world’s top 20 economies by 2029.

Newly installed Labour Minister Pongkawin Jungrungruangkit on his first day at the ministry. (Photo: Bangkok Post)

Thailand prioritises AI training, job creation

The new Thai Labour Minister's five policies include equipping Thai workers with AI skills by focusing on developing AI curricula aligned with the manufacturing and service sectors and providing all worker groups with skill training through cross-sector collaborations.

Electric vehicles inside BYD's factory in Rayong, Thailand. (Photo: Reuters/VNA)

Thailand’s electric vehicle market heats up

Hyper-competition in China's electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk.