State own enterprises (SOEs) minister, Erick Thohir, plans to create a number of clusters to streamline the number of the companies under his ministry. The reason, from 142 SOEs, only 15 companies contributed around 76% of the total profits to the government.
“We have to reduce this amount, one option is forming a cluster and other options liquidation and mergers. Later the maximum number of clusters is 15,” he told reporters during the press briefing in Jakarta, on Tuesday (Jan 28).
Therefore, he said, the ministry wants to cut the number of SOEs, their subsidiaries and affiliates, which is estimated around 800 companies. To implement the plans, now, the ministry prepared five blueprints to balance the economic and social values can be well exposed.