Jakarta (ANTARA) – The Omnibus Law on state-owned enterprises (SOEs) can improve the performance of state companies, observer for State-Owned Enterprises (SOEs) from the University of Indonesia Toto Pranoto stated.
“With a simpler rule, SOEs compliance can be improved. This means that the supervisory function can be carried out more easily. Thus, it is hoped that the performance of SOEs will be even better,” Pranoto noted when contacted here on Friday.
He remarked that during the two decades of establishment of the SOEs Ministry, it is likely that around 45 SOE Ministerial Regulations were issued. Some of the rules are overlapping and some are no longer relevant.
“The idea of the SOEs Omnibus Law is to simplify the rules. Hence, it needs simplification. This is good for enforcing the rules themselves,” he said.
The SOEs Omnibus Law policy will simplify 45 ministerial regulations to only three ministerial regulations.
The simplification of rules through the omnibus law is part of the accelerated transformation being conducted by SOEs.
The omnibus law is one of the four big agendas of the SOEs Ministry in 2023. The other three big agendas include preparation of the Blacklist by collaborating with the Financial and Development Supervisory Agency (BPKP).
The next agendas comprise preparing the 2024-2034 Blueprint and reviewing the performance of pension funds in each SOEs.
Meanwhile, SOEs Minister Erick Thohir remains committed to simplifying bureaucracy within the ministry and SOEs.
After conducting organizational arrangements, the minister is currently making efforts to organize legal products through the simplification of SOE Ministerial Regulations, from 45 Ministerial Regulations to three.
Thohir said the large number of SOEs Ministerial Regulations had been ongoing for a long time since 1998.
He doubted the effectiveness of these regulations on the implementation of SOEs in the field. With only three ministerial regulations, he thinks it will be easier for directors to understand and implement them.