Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Energy>>Energy, mining, financial services holdings to be formed first: SOE minister
NEWS UPDATES Asean Affairs     November 7,  2016  






Energy, mining, financial services holdings to be formed first: SOE minister

With the government set to no longer provide state-capital injections in 2017, state-owned enterprises are going to build holdings to develop the country’s economy, State-Owned Enterprises Minister Rini Soemarno said on Thursday.

Minister Rini said three state firm holdings in the oil and gas, mining and financial services sectors would be formed first, followed by holdings in the toll-road infrastructure, housing and food services sectors.

“Holdings in oil and gas and financial services will be completed at the end of this year […] and mining as well. When Government Regulation [PP] No. 44 is ready, then all is set,” she told reporters after a state companies forum in Jakarta.

The purpose of holdings is to support business development, and at the same time contribute to the country’s growth without relying on the state budget. In 2015 and this year, the government provided state-capital injections to state firms, the funds of which were used in part to construct toll roads.

“In the future, state-capital injections won’t be possible because the government will need to use the state budget to improve Gini ratio and alleviate poverty,” she said.

She acknowledged that creating “super holdings” was a long process as it faced pros and cons from many parties.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           November  7, 2016 Subsribe Now !
• Telenor Myanmar to shift focus towards data services Subcribe: Asean Affairs Global Magazine
• Tax pardon to maintain inflows despite Fed rate hike: Bank Indonesia
• Total: Third well drill at MLJ3 under way 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• KrisEnergy ups stake to unclog offshore Block A oil 
• Energy, mining, financial services holdings to be formed first: SOE minister
Asean Analysis                  September 30, 2016
• Asean Analysis  September 30, 2016
In Washington, Yasay Defends the Duterte Doctrine
Advertise Your Brand

Asean Stock Watch   November 4 , 2016
• Asean Stock Watch-November 4, 2016
The Biweekly Update
• The Biweekly Update  September 30, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com