Govt to Establish Property Holding Company

Annisa ayu artanti    •    21 Agustus 2017 12:43 WIB
state owned companies
Govt to Establish Property Holding Company
Illustration (Photo: Ant), Jakarta: The government will create a holding company in the property sector in the near future, State-Owned Enterprises Minister Rini Soemarno said on Monday.

"We will merge the subsidiaries of Wika, Hutama Karya, Waskita and others" Rini said.

"We will merge the subsidiaries by next year," she said.

The policy is aimed to improve good governance. It is expected to strengthen competitiveness. 

The government has conducted various preparations. It has prepared a number of  regulations.