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State-owned Companies Told to Stick to Core Business Interests

BUMN Minister Questions Why State-owned Companies are Operating Hotel Subsidiaries

The Minister for State-owned Enterprises (BUMN), Erick Thohir has expressed his amazement and confusion at the large number of State-owned enterprises that own hotels as subsidiary parts of their operations.

As reported by Kompas.com, Minister Thohir stated his disapproval of State-owned Companies under his supervision being involved in businesses that were totally detached from their core area of business.

Among the BUMN companies under scrutiny for their hotel ownership are:

  • PT Pertamina – The State Oil and Gas Company also owns PT Patra Jasa Hotels that manages 6 hotels: The Patra Bali Resort & Villas, Patra Semarang Hotel and Convention, Patra Comfort Bandung Hotel, Patra Comfort Jakarta Hotel, Patra Comfort Anyer Beach Resort, and Patra Comfort Parapat Lake Resort.
  • PT Garuda Indonesia – The State-owned Airline owns  PT Aero Wisata that operates: Prama Grand Preanger Bandung, Prama Sanur Beach Bali, Kila Senggigi Beach Lombok, Asana Grove Yogyakarta, Asana Kawanua Jakarta, Asana Grand Pangrango Bogor, and Asana Nevada Ketapang Prama.
  • PT Angkasa Pura – The State-Owned airport management company operates a subsidiary PT Angkasa Pura Hotels that operates airport hotels that include: Novotel Bali Airport, Ibis Budget Makassar Airport, and Ibis Budget Surabaya Airport. PT Angkasa Pura Hotels also operates enterprises involved in airline catering, food and beverage, and airport lounges.
  • PT Pegadaian – The State-owned Pawn Company operates a subsidiary PT Pesonna Indonesia Jaya that operates 9 three-star hotels in Java and Sulawesi: Pesonna Hotel Malioboro, Pesonna Hotel Tugu, Pesonna Hotel Gresik, Pesonna Hotel Makassar, Pesonna Hotel Pekanbaru, Pesonna Hotel Pekalongan, Pesonna Hotel Semarang, Pesonna Hotel Ampel Surabaya, and Pesonna Hotel Tegal.
  • PT PANN Multi Finance – The State-owned company that operates a large maritime armada that operates at least one hotel Garden Permata Hotel Bandung opened in 2017 that is operated in conjunction with PT Aria Molucca Pratama.

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