State-owned enterprises of Indonesia

History

Dutch colonial era

Post-independence

List of foreign companies nationalized during Guided Democracy

• The Indonesian businesses of Nillmij becomes PT Asuransi Jiwasraya. In the Netherlands, Nillmij eventually becomes Aegon N.V.
• The national compulsory auto insurance provider, Jasa Raharja, was originally a merger of several nationalized insurance companies.
• Bank Mandiri was a merger of:
• *Bank Ekspor Impor Indonesia, formerly the Indonesian branch of Nederlandsche Handels Maatschappij which eventually becomes ABN AMRO
• *Bank Bumi Daya, the result of the nationalizations of Nationale Handelsbank and the Chartered Bank of India, Australia and China
• *Bank Dagang Negara, formerly Escomptobank, also predecessor to ABN AMRO
• *Bank Pembangunan Indonesia, state-owned since establishment
• Bank Rakyat Indonesia was known as
• * 1845: "Purwokertoan Assistance and Savings Bank for Native Aristocrats".
• * 1934-42: "General Public Credit Bank",
• * 1942-45: during Japanese occupation
• Bank Tabungan Negara was known as
• * 1897-42: "Post Office Savings Bank"
• * 1942-45: Savings Office
• * 1945-63: "Post Office Savings Bank"
• Construction industry:
• * becomes Hutama Karya
• *Architecten, Ingineurs en Aannemersbedrijf Associatie Selle en de Bruyn, Reyerse en de Vries NV becomes Adhi Karya
• * trading as Volker Aannemingsmaatschappij NV in Indonesia, becomes Waskita Karya
• *Aannemingsmaatschapij "De Kondor" NV becomes Kumala Karya, defunct 1971
• *Nederlandse Aannemingsmaatschappij NV becomes Nindya Karya
• *NV Architecten-Ingenieursbureau Fermont te Weltevreden en Ed. Cuypers te Amsterdam becomes Virama Karya
• *NV Technisch Handelmaatschappij Vis & Co. becomes Wijaya Karya
• *Indonesian Electrical and Mechanical Engineers and Contractors C.V. formerly Technisch Bureau H&S becomes Indra Karya
• *PT Biro Arsitek Job & Sprey/Architectenbureau Job en Sprey NV becomes Yodya Karya
• *NV Air Bersih
• Indonesia Trading Company is a nationalized company from several trading companies such as N.V. Borneo Sumatra Maatschappij, Internationale Crediet- en Handelsvereeniging "Rotterdam", Lindeteves, and Geo Wehry.
• PT Sang Hyang Seri from Pamanukan & Tjiasem Lands.
• PT Rajawali Nusantara Indonesia from Kian Gwan.
• Perum DAMRI from the Java Transportation Enterprise and Automobile Board.
• PT Garuda Indonesia
• * 1928-42: Royal Dutch Indies Airways
• * 1947-49: KLM Interinsulair Bedrijf
• Indonesian Railway Company
• * 1963-42: Nederlandsch-Indische Spoorweg Maatschappij
• * 1875-42: Staatsspoor-en-Tramwegen in Nederlandsch–Indië
• * 1945-58: Staatsspoorwegen Verenigde Spoorwegbedjrif
• Pengangkutan Penumpang Djakarta
• * 1925-42,45-54 : Bataviache Verkeers Maatchappij
• * 1942-45: Jakarta Tram

  Type of SOEs

• Perusahaan Umum , are statutory public-benefit corporations with no shareholders. The main purpose of these SOEs is to provide goods and/or services to public. These firms are allowed to pursue profits. Perums, however, are increasingly rare as the government are converting many of them into perusahaan perseroan, especially after the 1980s.
• Perusahaan Perseroan are SOEs which are perseroan terbatas . This type of SOE is more independent than the Perums and the main goals of these firms are to gain profits and contribute to government revenue. This type of SOE is easy to recognize because they have the term Persero attached to their names. These SOEs, however, are subject to general perseroan terbatas laws, and similar to ordinary PTs its establishment and amendments to its articles of association, including increases to its capital, must be notarized with a notarial act, unlike Perums where its Articles of association is directly legislated.

1. Perusahaan Perseroan Terbuka , or Public company, which are enterprises whose ownership belongs both to the government and to the general public which issue freely traded shares the stock exchange. This subtype of SOEs also has the suffix Tbk. attached to their names.
2. Perusahaan Perseroan Pemerintah which are enterprises whose ownership are 100% government-owned.

List of companies