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GRAMEDIA

_{^{PRIVATIZATION OF 30% OF STATE ENTERPRISES}}

. . . PT Gramedia (Persero) Tbk . . .

Jakarta, 4 July 2019 - The government is privatizing 30 percent
of BUMN (Badan Usaha Milik Negara), the state-owned enterpri-
ses of Indonesia.

In Indonesia, state-owned enterprises play an important role in
the national economy. Their roles include contributor for natio-
nal economic growth, providing goods or services which aren't
provided by private enterprises, provider of employment, provi-
der of support guidance to small and medium enterprises, and
source of government revenue.

The reasons behind privatization, according to the Ministry of State Enterprises, are to increase the quality of domestic pro-
ducts, create high-end products, and relieve bureaucracy.

State companies being privatized include PT Badak NGL, PT
Sarinah, PT Angkasa Pura I, PT Angkasa Pura II, PT KAI, and
PT Kimia Farma.