State-owned enterprises of Indonesia

The BUMN Untuk Indonesia ("SOEs for Indonesia") campaign was launched by the Ministry of State Owned Enterprises in April 2020;[1] this logo was introduced together with a rebranding of the Ministry and the introduction of the AKHLAK core values across all state-owned enterprises effective on 1 July 2020. It replaces the BUMN Hadir Untuk Negeri ("SOEs Serving the Nation") campaign, launched in 2016 in conjunction with the Ministry's 18th anniversary.[2] The logo above appears in nearly all publicity made by Indonesian SOEs (usually placed in the upper-left corner), except Garuda Indonesia and others SOEs under the Ministry of Finance

In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businesses, and source of government revenue.[3] The Ministry of State Owned Enterprises represents the government's function as a shareholder of most of those companies, while some are represented by the Ministry of Finance.

Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government. BUMDs roles are similar with BUMNs, with heavy emphasis on providing goods or services to the local community. In addition, there are also village-owned enterprises which are run by village governments.

  1. ^ "Berharap Go Global, Erick Thohir Ganti Slogan 'BUMN Hadir untuk Negeri' jadi 'BUMN untuk Indonesia'". BusinessNews Indonesia. 14 April 2020. Retrieved 10 May 2020.
  2. ^ Miftahudin, Husen (2016-04-13). "BUMN Hadir untuk Negeri di Hari Jadi ke-18 Tahun". medcom.id (in Indonesian). Retrieved 2019-05-25.
  3. ^ "Indonesian - Role of BUMN |" (in Indonesian). 5 September 2016. Retrieved 6 June 2017.