The government should conduct a thorough examination of the plan to merge seven State-Owned Enterprises (SOEs) into three. While the merger could bring benefits, there are also potential risks that must be carefully anticipated.
The rationale behind forming construction SOE Holding is to ensure that each company operates according to its specialized expertise.
The companies involved include PT Hutama Karya (Persero), PT Adhi Karya (Persero) Tbk., PT Waskita Karya (Persero) Tbk., PT PP (Persero) Tbk., PT Wijaya Karya (Persero) Tbk., PT Brantas Abipraya (Persero), and PT Nindya Karya (Persero).
The initial plan outlines Adhi Karya as the holding company for Brantas and Nindya, while Waskita will merge with Hutama Karya, and PTPP with Wijaya Karya.
Herry Gunawan, BUMN observer from the Datanesia Institute, emphasizes the urgency of the construction SOE merger to streamline operations, avoid redundancy, fulfill government mandates, and maintain financial health. Continue reading