Indonesian State Firms Draft 5-Year Transformation Strategy

State-owned enterprises in Indonesia are embarking on a significant transformation journey, guided by a new five-year strategic roadmap developed by BP BUMN and Danantara. This initiative aims to foster healthier, more competitive companies that prioritize value creation.

According to BP BUMN Head and Danantara COO Dony Oskaria, the strategy will focus on crucial themes such as consolidation, people development, corporate culture, innovation, and value creation. These elements are intended to serve as a unified direction for all state-owned enterprises.

The roadmap outlines a phased implementation. It begins with consolidation and restructuring, followed by strengthening people development and corporate culture. Subsequent phases involve accelerating innovation and technology adoption, and finally, achieving value creation through corporate actions and strategic partnerships. The ultimate goal is to produce more efficient and innovative state-owned enterprises that contribute significantly to economic growth and public welfare.

Through this strategic plan, BP BUMN and Danantara aspire to cultivate resilient Indonesian state-owned enterprises capable of competing globally and even entering the Fortune 500 list.

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strategic themes such as consolidation, people development, corporate culture, innovation, and value creation must be a common direction for all state-owned enterprises.