Foundation in Asset Management

As a State Owned asset management company assigned with optimum contribution, in addition to continuously assessing the market conditions, PPA always adheres to the regulations and laws involved in State asset management, ensuring transparency as well as accountability to the public. Further, as an SOE, PPA in performing its duties, always refers to the SOE Laws, Government Regulations and other related regulations and comply with the principles of good corporate governance.

For ex-IBRA asset management, PPA’s activities are based on the Asset Management Agreement between the MoF and PPA, which was initially signed on March 24, 2004 that covered a 5 year term. This was renewed on June 12, 2009 for a period of one year.

On restructuring and/or revitalization of SOE, PPA’s activities are based on Minister of SOE Regulation No. PER-01/MBU/2009 dated 8 April 2009, regarding Guideline for Restructuring and Revitalization of SOE by PPA. At the same time, a committee on Restructuring and Revitalization consisting of the Steering Committee, the Executive Committee, the Working Team and the Secretariat were formed  based on Minister of SOE Decree No. KEP-123/MBU/2009 dated 26 May 2009, regarding The Formation of the Committee on Restructuring and Revitalization of SOE.