State-owned enterprises of Indonesia, locally known as 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 businessess, and source of government revenue .
The government takes control of the BUMN under one single ministry, the Ministry of State Owned Enterprises, which acts like the CEO of a holding company.
Aside from BUMN, there are also local government (Province and City/Regency level)-owned enterprises, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMN and BUMD is the ownership of the enterprise, whereas BUMN is controlled by Ministry of State Owned Enterprise while BUMD is directly controlled by local government. BUMD roles are similar with BUMN, with heavy emphasis on providing goods or services to the local community.
In law, there are three types of state-owned enterprise (SOE) in Indonesia:
Information on the state-owned enterprises (SOEs) is drawn from the Ministry of State Owned Enterprises portal, unless otherwise stated.
The largest and most well-known SOEs include the following.
There are numerous other SOEs including the following: