Indonesia's sovereign wealth fund Danantara and the State-Owned Enterprises Ministry (BP BUMN) have finalized a five-year roadmap for transforming state-owned enterprises (SOEs), according to a report from Antara News.
The roadmap includes restructuring financially stressed SOE property units, as part of broader reforms under Danantara's management.
Other initiatives highlighted in the report include the development of an integrated human resources management system for SOEs, plans to merge national airlines Garuda and Pelita, and the acquisition of four asset managers with US$10.5 billion in assets under management.
Danantara's export arm, DSI, has reportedly managed US$10.5 billion in foreign exchange within six weeks, and the government has cut the number of SOEs from 250 under the reform program.
The report also mentions plans for Danantara Housing to market unsold SOE properties and a partnership to develop a coconut downstream industry.
Source: antaranews.com
