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Economy and Finance

Erick Thohir Becomes The Most Influential Minister 2020

JAKARTA - State-Owned Enterprises (BUMN) Minister Erick Thohir received the 'The Most Influential Minister 2020' award at the CNBC Indonesia Award. We consider its performance in streamlining and streamlining Indonesian SOEs crucial in boosting the economy. After being “dwarfed” in the 1998 monetary crisis, now in the midst of a pandemic crisis, BUMN Minister Erick Thohir strengthens his presence with sectoral consolidation and holding. With 142 BUMNs, more than 700 children and grandchildren of their businesses. Not all of them are profitable or become companies on a global scale. 17 companies contributed more than Rp 180 trillion net profit from SOEs alone. With a share of 75 percent. This overlapping operation not only triggers the inefficiency of BUMN performance. But also industri...
Economy and Finance

BUMN Emiten Stock Encourage Improvement of Domestic Stock Exchange

JAKARTA - The Indonesian stock exchange has begun to show improvement after experiencing considerable pressure due to the impact of the Covid-19 pandemic. The Jakarta Composite Index (IHSG) fell to 3,900 last March before slowly rising to 5,400 on Tuesday. Analyst of Sekuritas Indonesia, Anugerah Zamzami. Said that the improving trend of the IHSG has been boosted by the performance of shares of state-owned enterprises (BUMN), especially in the last few months. "The majority of state-owned companies' financial performance is still decreasing on an annual basis. However, on a quarterly basis many state-owned companies have shown improvement in the third quarter compared to the second quarter," said Anugerah, Wednesday. Reflecting on the movement of BUMN shares in the BUMN 20 Index, Anug...