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At last, SOEs Minister Erick Thohir intervened and tackled the medical oxygen and Covid medication shortages that plagued many hospitals. Erick mobilized several SOEs to help meet the needs of referral hospitals particularly in Java. He also instructed Indofarma and Kimia Farma to boost ivermectin production to fill the market with ample supplies. Although the BPOM has not approved the drug, Erick is pushing its use given the efficacy and minimal side effects proven in several countries. Amid the marked increase in Covid cases, Erick, who also leads Covid-19 Mitigation and Economic Recovery Working Committee makes frequent rounds of site inspection to check on oxygen and Covid drug supplies, all the while continuing with measures to transform SOEs.
In the midst of a flurry of activities to procure and distribute Covid-19 vaccines, State-Owned Enterprises Minister Erick Thohir has additional responsibility of overseeing the establishment of a sovereign wealth fund (SWF) and the selection of the fund’s board members. The government is confident that the fund will help restore the national economy.
The government is making plenty of efforts to attract investment in battery manufacturing, chasing the ambition to become a major player in the global electric car industry. State-owned energy companies are consolidated to serve as partner of global investors with interests in Indonesia’s nickel reserves.
Investment Coordinating Board Chief Bahlil Lahadalia explains the negotiation process with LG Energy Solution. This South Korean company commits to invest US$9.8 billion to build electric car battery production center.