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Wednesday, 3 February 2016, 10:00 HKT/SGT

Source: Indonesian Ministry of State Owned Enterprises
Consolidation of Media Sector SOEs Brings Benefits for Each Company

JAKARTA, Feb 3, 2016 - (ACN Newswire) - Consolidation of state-owned enterprises (SOEs) per cluster, based on the type of business and operations, is considered to be beneficial for those state-controlled companies.

"Consolidation of SOEs per cluster based on the type of business is indeed beneficial for each company itself," said Deputy of Mining, Strategic Industry and Media, Ministry of State-Owned Enterprises, Harry Sampurno, at the Ministry of SOEs Building, Jakarta, on Friday.

Harry explained the benefits that could be obtained by each corporation included operational cooperation, such as Percetakan Negara Republik Indonesia (PNRI) and Balai Pustaka incorporated in consolidation of media and publishing types of business (National Publishing and News Co./NPNC).

He added that in operational, PNRI and Balai Pustaka seemed to have become one, making it possible to make a work order to one side only.

"To make a work order, for instance, can be done either through Balai Pustaka or PNRI, then to be forwarded to the companies that do best with the project. It is for the country as well, so they can help each other in order to increase the country's reputation domestically and internationally," he said.

In line with Harry, Director of Perum Percetakan Negara Republik Indonesia (PNRI) Djakfarudin Junus said, having been joined with NPNC, the company obtained benefits that resulted in increasing the state treasury from SOE revenues.

"Through NPNC, we can get the project more easily, because it's as if we come as a nation. For example, yesterday we got a Koran procurement order from Kazakhstan, we forwarded it to Balai Pustaka since they are competent for the work even though we were the ones who got the project, meaning we can take a role in generating state revenue," he added.

Based on information compiled by Antara, NPNC consists of various state-owned enterprises in the news and publishing sector including LKBN Antara, PNRI, Balai Pustaka and Perusahaan Film Negara (PFN).

NPNC itself is part of a cluster of SOEs in the digital telecommunication sector, in addition to other business models that aim to build a "mobile broadband" network reaching out to rural areas, and fiber optic network to the district capital.

Feb 3, 2016 10:00 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Advertising
From the Asia Corporate News Network

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