State-owned enterprises of Indonesia

History

Dutch colonial era

Post-independence

List of foreign companies nationalized during Guided Democracy

• 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
• * 1895: "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"
• Insurance industry:
• *NV Zee-en Brandassurantie Maatschappij van 1851, NV Zee-en Brandassurantie Maatschappij van 1861, NV Tweede Zee-en Brandassurantie Maatschappij van 1861, NV Zee-en Brandassuratie Maatschappij van 1865, NV Tweede Zee-en Brandassurantie Maatschappij van 1865, and NV Javasche Verszekerings Agenturen Maatschappij were consolidated into PN Asuransi Kerugian Eka Chandra.
• *NV Assurantie Maatschappij Jakarta, NV Assurantie Kantoor Langeveldt-Schroder, NV Assurantie Kantoor O.W.J. Schlencker, NV Kantoor Asuransi Kali Besar, PT Maskapai Asuransi Arah Baru, Firma Blom & van der Aa, Firma Bekouw & Mynssen, and Firma Sluyters & Co were consolidated into PN Asuransi Kerugian Eka Karya and eventually merged into PT Jasa Raharja, part of Indonesia Financial Group).
• *NV Nederlandsche Lloyd and NV Maskapai Asuransi dan Administrasi Umum Nusantara Lloyd were consolidated into PN Asuransi Kerugian Eka Nusa and eventually merged into PT Asuransi Jasa Indonesia, part of Indonesia Financial Group.
• *NV Levensverzekering Maatschappy "Nilmij van 1859", NV Levensverzekering Maatschappij van "De Nederlanden van 1845, Onderling Levensverzekering Genootschap "De Olveh van 1879", NV Eerste Nederlandsche Verzekering Maatschappij op het Leven en tegen Invaliditeit, NV Amstleven , NV Nationale Levensverzekering Bank, Hollandsche Societeit van Levensverzekeringen, NV Levenverzekering Maatschappij "Ons Belang" , and NV Levensverzekering Maatschappij H.A.V. Bank were consolidated into PN Asuransi Jiwa Eka Sejahtera and eventually becomes PT Asuransi Jiwasraya.
• Construction industry:
• *NV Architecten-Ingenieursbureau Fermont te Weltevreden en Ed. Cuypers te Amsterdam becomes PN Virama Karya. The company later turned into PT Virama Karya.
• *Indonesian Electrical and Mechanical Engineers and Contractors C.V. formerly Technisch Bureau H&S becomes PN Indra Karya. The company later turned into PT Indra Karya.
• *PT Biro Arsitek Job & Sprey/''Architectenbureau Job en Sprey NV becomes PN Yodya Karya. The company later turned into PT Yodya Karya.
• *Nederlandse Aannemingsmaatschappij NV becomes PN Nindya Karya. The company later turned into PT Nindya Karya and is currently a subsidiary of PT Danareksa.
• *Aannemingsmaatschapij "De Kondor" NV becomes PN Kumala Karya. The company was dissolved in 1971.
• *Hollandsche Beton Maatschappij becomes PN Hutama Karya. The company later turned into PT Hutama Karya. Hollandsche Beton Groep itself would return in 1970 as Decorient Indonesia; in the early 2020s the company would be bought out by its management and renamed Decorient Partaya Indonesia.
• *Royal Adriaan Volker Group trading as Volker Aannemingsmaatschappij NV in Indonesia, becomes PN Waskita Karya. The company later turned into PT Waskita Karya.
• *NV Pembangunan Perumahan becomes PN Pembangunan Perumahan and eventually turned into PT Pembangunan Perumahan.
• *NV Technisch Handelmaatschappij Vis & Co. becomes PN Wijaya Karya. The company later turned into PT Wijaya Karya.
• *Architecten, Ingineurs en Aannemersbedrijf Associatie Selle en de Bruyn, Reyerse en de Vries NV becomes PN Adhi Karya. The company later turned into PT Adhi Karya.
• *NV "Ingenieurs Bureau Ingenegeren-Vrijburg" becomes PN Indah Karya. The company later turned into PT Indah Karya.
• *NV Air Bersih
• Perusahaan Perdagangan Indonesia 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
• * 1863-1942: 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'''

AKHLAK

Types 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 executed before a civil law notary 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