JAKARTA, KOMPAS.com – Five state firms with parent companies or subsidiaries that are players in the hotel industry have committed to consolidating their businesses after signing a memorandum of understanding on Monday, September 14.
The signatories were represented by all president directors of national flag carrier PT Garuda Indonesia (Persero), state-owned hotel operator PT Hotel Indonesia Natour (Persero), state oil and gas company PT Pertamina (Persero), state contractor PT Wijaya Karya (Persero), and state pawnshop PT Pegadaian (Persero).
These entities are committed to consolidating the hotel business which currently includes 22 hotel units and two hotel operator management following the initiative by State-Owned Enterprises Minister Erick Thohir.
“State firms need to return to their respective core businesses. In the hotel industry, for example, there is a need to rearrange the subsidiary of state firm hotels. So that the relevant parent company will only run its core business,” said State-Owned Enterprises Deputy Minister Kartika Wirjoatmodjo in a statement.
The signing was the first step to promote government programs in the tourism sector as well as to increase competitiveness and value-added from the business consolidation of the state firm hotels.
“State-owned hotels are located in very strategic locations. If we can focus on providing good services, the state-owned hotels may be the pride of Indonesia,” said Kartika.
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