ID :
174051
Fri, 04/08/2011 - 10:16
Auther :
Shortlink :
https://oananews.org//node/174051
The shortlink copeid
ASSETS OF STATE-OWNED ENTERPRISES NEED PROTECTION
News Focus: ASSETS OF STATE-OWNED ENTERPRISES NEED PROTECTION
By Andi Abdussalam
Jakarta, April 8 (ANTARA) - The fire that broke out at state-owned oil and gas firm Pertamina Refinery Unit IV`s fuel tanks in Cilacap, Central Java, last week has made the government realize the need for protecting state enterprises` assets which are estimated to have reached a total value pf almost Rp3,000 trillion.
Moreover, the assets of 142 state-owned companies under the ministry of state enterprises have increased significantly making them ready to contribute to economic development. In addition, it will create a total of 6.6 million jobs over the next few years as their investments triples.
Any incident like the fire that broke out at Pertamina`s oil tanks in Cilacap, Central Java, last week would inflict huge losses on the state. In this case, the Ministry of State Enterprises (BUMN) will cooperate with the National Police to secure all vital assets of state-owned firms.
"Protection of vital assets of state firms must be carried out in order not to repeat an incident like the fire on oil tanks in a refinery plant of Pertamina," Minister of Energy and Mineral Resources Mustafa Abubakar said.
The minister said that state companies badly needed cooperation with police in order to protect their vital assets, including the efforts to carry out forensic investigation and examinations after an incident occurred.
This is not the first time Pertamina has its fuel oil facilities gutted by fire. Sometime in the past, a fire on its depots in Jakarta had also broken out. For this, the ministry of state firm has issued a circular on the protection of PT Pertamina assets in connection with the fire which gutted the state firm`s fuel depots at Plumpang north Jakarta on February 2009.
For the protection of the assets, BUMNs cooperate with PT Sucofindo, a firm active in asset protection auditing services with a pilot project involving PT Pertamina and state electricity firm PT PLN.
Besides protection of infrastructure assets, Sucofindo is also to conduct auditing of the quality of the assets` infrastructure, examination and research on assets. The BUMN ministry in its capacity as BUMN share holder wanted that all assets belonging to BUMN would be well protected.
The minister acknowledged that a number of BUMN assets were already old but in technical term they still could be utilized. "For this purpose, it should be emphasized that asset protection must be tightened so that it would not create havoc and losses to the company," Minister Abubakar said.
After all, the amount of assets of state firms had continued to increase. Based on data available at the BUMN ministry, total assets of 142 BUMNs in 2009 stood at Rp2,150 trillion. They increased to Rp2,500 trillion in 2010 and are expected to reach Rp2,977 trillion in 2011.
In the third quarter of 2010, ten BUMNs recorded the biggest assets, namely PT Bank Mandiri with a total asset of Rp409,36 trillion, PT PLN with Rp368.17 trillion, PT Bank Rakyat Indonesia (Rp325.94 trillion), PT Pertamina (Rp288.507 trillion) and PT Bank Negara Indonesia (Rp244.81 trillion).
The other five BUMNs are PT Telkom with assets worth Rp100,06 trillion, PT Jamsostek worker insurance firm Rp98.39 trillion, PT Taspen Rp77.3 trillion, PT Bank Tabungan Negara Rp36.58 trillion and fertilizer firm PT Pusri Rp36.58 trillion.
As regard to profit, state firms have also make increasing profits. The total net profit of all state-owned companies (BUMN) in 2010 are estimated at Rp93 trillion.
"The total profit based on 2010 estimate --excluding profit during the fourth quarter-- of 17 BUMNs amounts to Rp84.7 trillion. If all assets have been included the amount could reach Rp92-93 trillion," BUMN Minister Mustafa Abubakar said late last year.
The net profit of all non-publicly listed BUMNs alone for 2010 were estimated at Rp84.7 trillion. The sector which gained the biggest profit was mining which earned Rp33.26 trillion, followed by the banking sector amounting to Rp16.5 trillion and telecommunications worth Rp11.95 trillion.
Minister Mustofa Abubakar said the assets of 142 state-owned companies under his ministry`s purview had increased significantly making them ready to contribute to economic development. "A total of 6.6 million jobs will be created over the next few years as investment triples," he said.
For this, the minister said he had set a target of increasing capital expenditures from Rp383 to Rp836 trillion over the next four years until 2014. For 2011, he said, he has set a target of increasing the benefit by minimally Rp120 trillion from the target of Rp1,200 trillion in revenues.
The decisions would affect the readiness of the BUMN ministry to help accelerate economic development in a number of regions covered by the economic development acceleration programs in eight corridors.
"Each region will be made to show its prime potentials and by the end of March a team from the ministry came to discuss the prospects of synergy in economic development," he said.
(T.A014/A/HAJM/f001)
By Andi Abdussalam
Jakarta, April 8 (ANTARA) - The fire that broke out at state-owned oil and gas firm Pertamina Refinery Unit IV`s fuel tanks in Cilacap, Central Java, last week has made the government realize the need for protecting state enterprises` assets which are estimated to have reached a total value pf almost Rp3,000 trillion.
Moreover, the assets of 142 state-owned companies under the ministry of state enterprises have increased significantly making them ready to contribute to economic development. In addition, it will create a total of 6.6 million jobs over the next few years as their investments triples.
Any incident like the fire that broke out at Pertamina`s oil tanks in Cilacap, Central Java, last week would inflict huge losses on the state. In this case, the Ministry of State Enterprises (BUMN) will cooperate with the National Police to secure all vital assets of state-owned firms.
"Protection of vital assets of state firms must be carried out in order not to repeat an incident like the fire on oil tanks in a refinery plant of Pertamina," Minister of Energy and Mineral Resources Mustafa Abubakar said.
The minister said that state companies badly needed cooperation with police in order to protect their vital assets, including the efforts to carry out forensic investigation and examinations after an incident occurred.
This is not the first time Pertamina has its fuel oil facilities gutted by fire. Sometime in the past, a fire on its depots in Jakarta had also broken out. For this, the ministry of state firm has issued a circular on the protection of PT Pertamina assets in connection with the fire which gutted the state firm`s fuel depots at Plumpang north Jakarta on February 2009.
For the protection of the assets, BUMNs cooperate with PT Sucofindo, a firm active in asset protection auditing services with a pilot project involving PT Pertamina and state electricity firm PT PLN.
Besides protection of infrastructure assets, Sucofindo is also to conduct auditing of the quality of the assets` infrastructure, examination and research on assets. The BUMN ministry in its capacity as BUMN share holder wanted that all assets belonging to BUMN would be well protected.
The minister acknowledged that a number of BUMN assets were already old but in technical term they still could be utilized. "For this purpose, it should be emphasized that asset protection must be tightened so that it would not create havoc and losses to the company," Minister Abubakar said.
After all, the amount of assets of state firms had continued to increase. Based on data available at the BUMN ministry, total assets of 142 BUMNs in 2009 stood at Rp2,150 trillion. They increased to Rp2,500 trillion in 2010 and are expected to reach Rp2,977 trillion in 2011.
In the third quarter of 2010, ten BUMNs recorded the biggest assets, namely PT Bank Mandiri with a total asset of Rp409,36 trillion, PT PLN with Rp368.17 trillion, PT Bank Rakyat Indonesia (Rp325.94 trillion), PT Pertamina (Rp288.507 trillion) and PT Bank Negara Indonesia (Rp244.81 trillion).
The other five BUMNs are PT Telkom with assets worth Rp100,06 trillion, PT Jamsostek worker insurance firm Rp98.39 trillion, PT Taspen Rp77.3 trillion, PT Bank Tabungan Negara Rp36.58 trillion and fertilizer firm PT Pusri Rp36.58 trillion.
As regard to profit, state firms have also make increasing profits. The total net profit of all state-owned companies (BUMN) in 2010 are estimated at Rp93 trillion.
"The total profit based on 2010 estimate --excluding profit during the fourth quarter-- of 17 BUMNs amounts to Rp84.7 trillion. If all assets have been included the amount could reach Rp92-93 trillion," BUMN Minister Mustafa Abubakar said late last year.
The net profit of all non-publicly listed BUMNs alone for 2010 were estimated at Rp84.7 trillion. The sector which gained the biggest profit was mining which earned Rp33.26 trillion, followed by the banking sector amounting to Rp16.5 trillion and telecommunications worth Rp11.95 trillion.
Minister Mustofa Abubakar said the assets of 142 state-owned companies under his ministry`s purview had increased significantly making them ready to contribute to economic development. "A total of 6.6 million jobs will be created over the next few years as investment triples," he said.
For this, the minister said he had set a target of increasing capital expenditures from Rp383 to Rp836 trillion over the next four years until 2014. For 2011, he said, he has set a target of increasing the benefit by minimally Rp120 trillion from the target of Rp1,200 trillion in revenues.
The decisions would affect the readiness of the BUMN ministry to help accelerate economic development in a number of regions covered by the economic development acceleration programs in eight corridors.
"Each region will be made to show its prime potentials and by the end of March a team from the ministry came to discuss the prospects of synergy in economic development," he said.
(T.A014/A/HAJM/f001)
