|
Restructuring / Revitalization of SOE
The State-Owned Enterprise that will be restructured and/or revitalized is decided by Minister of State-Owned Enterprise after having approval from Minister of Finance. The aim of restructuring and/or revitalization is to increase the performance and value of the SOE with long term sustainability, commercially. The process of restructuring and/or revitalization is referred to Minister of SOE Regulation No. 01/MBU/2009 concerning Guidelines of the Restructuring and Revitalization Process of State-Owned Enterprise by PT PPA.  Notes: - Restructuring and revitalization Committee consists of Minister Of SOE, Minister of Finance and related Minister(s), representatives of Ministry of SOE, Ministry of Finance, related institutions and relevant experts (chaired by Minister of SOE)
- Legal lending limit for restructuring and/or revitalization of each SOE is 15% of PPA Paid-up Capital (IDR 270 Billion); and amount exceeding that amount needs approval from Minister of Finance.
Explanation: - SOE proposes plan of restructuring and/or revitalization to Minister of SOE, with a Letter of Commitment addressed to PPA.
- Minister of SOE assigns PPA to exercise the feasibility of the SOE restructuring /revitalization.
- PPA submits the analysis of the feasibility to the Minister of SOE.
- Minister of SOE submits the evaluation to the Restructuring and Revitalization Committee for evaluation.
- Decision and/or recommendation on Evaluation is re-submitted to the Minister of SOE.
- Minister of SOE submits the recommendation to Minister of Finance for the decision of MoF.
- Based on the decision/approval from Minister of Finance, Minister of SOE assigns PPA to implement the restructuring and /or revitalization program.
- PPA and the SOE sign restructuring and/or revitalization agreement prior to implementation.
|
