ACN Business

SOEs getting more consolidated and contributive towards national development

  • Written by ACN Newswire
SOEs getting more consolidated and contributive towards national development
Surabaya, East Java, Indonesia, Oct 5, 2018 - (ACN Newswire) - Coordinating Minister for Economic Affairs of Republic of Indonesia Darmin Nasution conveyed that the consolidation and the contribution of state-owned enterprises (SOEs) are getting better towards national development overtime. This was said when he officially opened the Indonesia Business and Development (IBD) Expo 2018 in Grand City Surabaya, East Java, Indonesia, Wednesday.

"Not to mention that the sectoral holding initiative of a number of SOEs which will eventually will strengthen the competitiveness of SOEs on the international scene," stated Nasution in his opening remarks.

The SOE's consolidation endeavor tracks back to when Indonesia had just been through the reform era in 1998. Around 100 SOEs operating under the Minister for Empowerment of SOEs (previous name of Ministry of SOEs) led by Tanri Abeng.

Nasution continued, fast-forwarding to 2017, in the midst of US-China trade war, SOEs are considered the foremost parties to repress the devastating risk to Indonesia's economy. Keeping foreign investment coming to Indonesia and increasing the export volume are deemed to be the most effective way to counter the possible, negative impact of the trade war to Indonesia.

"Since the ministry was established in 1998, it was really meant to materialize the export-oriented economy," he said.

Nasution added, IBDExpo is the comprehensive platform not to only display the enourmous progress made by the SOEs in shoring up the country's economy and promoting the national growth, but also for SOEs to directly interact with the society.

"The event plays pivotal role in delivering messages and introduce the role of SOEs as the agent of development," said Darmin.

Beneath the theme of "SOEs Never Stops Building The Country", this year's event is again organized by the National Publishing and News Corporation (NPNC), a consortium of four media-focused SOEs consisting of Antara News Agency, Balai Pustaka, and National Publishing of Indonesia (PNRI).

Chairman of IBDExpo 2018 Achmad Fachrodji added, after being held two years in a row in Jakarta, this year's IBDExpo has now come to Surabaya as its next destination. The city is considered representative and the right choice to manifest President Joko Widodo's nawacita - to develop the nation from the rural area.

"Surabaya not only represents the east and the center territory of Indonesia and but also not too far away from the SOEs' manufacture facilities which are mostly located in Java island," said Fachrodji.

Topic: Trade Show or ConferenceSectors: Daily Finance[1] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


  1. ^ Daily Finance (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/46791/

Business Daily Media Business Reports

Di Jones real estate recognises high achievers

Di Jones celebrated its outstanding performers on Saturday (24 February 2018) evening at the Di Jones Real Estate Annual Awards.                               The bla...

Helen Hull - avatar Helen Hull

Eclipse Travel Expands Operations to New Zealand

Eclipse Travel, specialists in key adventure destinations such as Antarctica, the Arctic, Africa and Latin America, have announced today their expansion of operations to ...

Yvonne Kong - avatar Yvonne Kong

How medical professionals can benefit from an overall wealth management solution

As a health care professional, you have made it your life's work to focus on the care and health of the general public. While this kind of work can be extremely rewarding...

News Feature Team - avatar News Feature Team

Why Pinterest Should Be Part of Your Marketing Strategy

Pinterest is a growing social media platform that can deliver significant traffic to your website and new followers to your brand. With it’s steady growth and outrageous ...

Greg Nunan - avatar Greg Nunan

The top reasons why gyms fail

Steve Grant is a Business Coach and Founder of GymHub.com.au   Every month thousands of new trainers walk out of their 6-month course with the qualifications needed ...

Steve Grant - avatar Steve Grant

WHITE LABEL NOBA’s Winter 2016 season: Earth + Country

Taking cues from the warm winter colours of tobacco and caramel, and combining them with the strength of navy and the embracing lightness of whites and creams; and then...

Kath Rose - avatar Kath Rose

Former Etihad boss brings substantial event insight to PMY Group Board

Paul Sergeant PMY Group, the architects of the digital insurgency occurring at major venues across Australia and New Zealand, are delighted to welcome 35 year even...

Annie Konieczny - avatar Annie Konieczny

More training for coffee making than property sales: REINSW

Sydney 9 May 2016. An overhaul of education and training standards for the real estate profession must take place to help prevent illegal activities, according to the Rea...

Helen Hull - avatar Helen Hull