A Drive Towards BUMN Karya Restructuring

The SOE Ministry has outlined a set of options to revitalize the performance and finances of state-owned construction companies (BUMN Karya), including expediting the restructuring process, which is anticipated to span 2-3 years.

Dionisio Damara

20 Des 2023 - 19.54
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A Drive Towards BUMN Karya Restructuring

An employee crosses PT Waskita Karya (Persero) Tbk's logo in Jakarta, Tuesday (11/10/2022). Photo/JIBI-Abdurachman

Bisnis, JAKARTA — The SOE Ministry has outlined a set of options to revitalize the performance and finances of state-owned construction companies (BUMN Karya), including expediting the restructuring process, which is anticipated to span 2-3 years.

SOE Minister Erick Thohir has outlined several specific strategies to enhance the financial performance of state-owned construction companies (BUMN Karya). Four BUMN Karya companies, namely PT Waskita Karya (Persero) Tbk. (WSKT), PT Wijaya Karya (Persero) Tbk. (WIKA), PT Adhi Karya (Persero) Tbk. (ADHI), and PT PP (Persero) Tbk. (PTPP), have already attained the status of public companies on the stock exchange.

Erick outlined that a key approach to rejuvenate the performance of BUMN Karya involves a restructuring plan. He expects this process to span 2-3 years, incorporating various options.

SOE Ministry envisions that, following the restructuring, these state-owned companies can regain strength and adhere to robust corporate governance principles.

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Editor: Aprilian Hermawan
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A Drive Towards BUMN Karya Restructuring

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