Gov't to Establish Holding Companies for SOEs Soon: VP

Eko Nordiansyah    •    08 September 2016 16:41 WIB
state owned companies
Gov't to Establish Holding Companies for SOEs Soon: VP
Vice President Jusuf Kalla (Photo: Antara/Sigid Kurniawan)

Metrotvnews,com, Jakarta: Vice President Jusuf Kalla said the government will establish holding companies for state-owned enterprises (SOEs) in the near future.

"We need approval from the House of Representatives. We have to follow the process," Kall said here on Thursday (9/8/2016).

Separately, State-Owned Enterprises Minister Rini Soemarno said the government is still formulating the legal bases for the holding companies.

"We are adding few articles to the Government Regulation No 44/2015," Rini explained.

The government plans to establish six holding companies for oil and gas, mining, food, finance, highway and housing sectors.
(WAH)