In the name of law, Indonesia authority still maintain control over national company, which cover almost all business sector in the country. Although focus has been shifted to main business, but still some are cover un-necessary sector and no profit at all. The problem is too many and too large to control, so the more cash drainage to this company than giving return to the country.
There is plan also to merger and organize national company became large holding company, but still on going process. Perhaps too slow and too complicated, because so many hand have interest on national company. It is a common that chairman or director of the national company mostly chosen by executive or administration on elect.
So it is not fishy that mostly who help the administration elected got reward sitting on the national company. This is actually the main problem, choosing a person not in proper place. In business the right person could bring company up and down, and the wrong person just being company to sink.
In development recently, through democracy and media critic, administration tend to careful selecting the person in national company. Some are really good that could reform the national company become modern company. Just like big company in business, so could bring return to the country.
The problem still far from over, that keeping executive or administration out of national company are the important in reforming national company. There should be limited access to just supervise the company, not to run the national company itself. The reason of national fund is holding up for this reform.
At least moved by Inalum to annexe Freeport was good news for national company. Public still wait for better reform in national company, so that far from corruption and interfering politic in business.
