What does BUMN mean in INDONESIAN
BUMN stands for Badan Usaha Milik Negara which literally means " State-Owned Enterprises". It is a type of business or enterprise that is owned by the government. BUMN plays an important role in supporting Indonesia's economy and development.
BUMN meaning in Indonesian in International
BUMN mostly used in an acronym Indonesian in Category International that means Badan Usaha Milik Negara
Shorthand: BUMN,
Full Form: Badan Usaha Milik Negara
For more information of "Badan Usaha Milik Negara", see the section below.
Essential Questions and Answers on Badan Usaha Milik Negara in "INTERNATIONAL»INDONESIAN"
What services do BUMNs provide?
BUMNs are involved in various sectors including agriculture, banking, insurance and transportation services. They also provide essential services such as electricity, highway construction and food production.
How does the Indonesian government manage BUMNs?
The Indonesian government oversees the operations of the BUMNs through its Ministry of Enterprises. The ministry is responsible for formulating policies and regulations related to the operations of the enterprises, monitoring their performance and maintaining quality standards.
Who are involved in managing a BUMN?
A BUMN is managed by a Board of Directors who are appointed by the President based on their qualifications, expertise and relevant experience befitting the particular enterprise they will be managing. These board members then choose an executive management team to execute operational activities according to regulations set out by the board itself and government.
What benefits do BUMNs have for Indonesia's economy?
Through providing essential services such as waste management, health care and transportation services, as well as products like grains, textiles and furniture, they create employment opportunities while contributing significantly to Indonesia's economy with their profits made from sales.
What are some examples of Indonesian BUMNs?
Some examples include Pertamina (national energy company), Telkom (telecommunications), Bank Mandiri (financial institution) Angkasa Pura I (airport operator)and PLN (state electricity company).
Final Words:
As one of Indonesia's largest economic forces, Badan Usaha Milik Negara play an important role towards keeping Indonesia's economy stable while providing essential services to its citizens.