Jakarta (ANTARA) – The performance of state-owned enterprises (SOEs)can be accelerated through business transformation and good corporate governance (GCG), according to SOE researcher Toto Pranoto.The establishment of quality SOE holdings must continue if the government wants to improve the performance of the SOEs sector and make the transition to the next government smooth, Pranoto said here on Wednesday. “The formation of (SOE) holdings can increase value. Therefore, the strategy is no longer (about) quantity but more about quality,” he added. He said that SOEs need to focus on value creation to increase their competitiveness. “Currently, there are 100 SOEs (although some have become subsidiaries due to their being merged with holdings). Of that number, there are 25 top SOEs that generate more than 85 percent of the total revenue and profit,” Pranoto pointed out. Considering that only the top 25 SOEs have generated 85 percent of the accumulative profit, most SOEs have not performed well, he added. Pranoto said that the supervision and evaluation process carried out by the SOEs Ministry has been going well.
Source: Antara News Agency