JAKARTA: Investment Communication Forum of State-Owned Enterprises (FKI BUMN), a forum of state companies aiming at expanding investment, expects to manage IDR300 trillion, as the newly formed media is eager to increase members to 50 companies.There is total IDR260 trillion to be managed by FKI BUMN, which has current members of 30 companies. The forum is an implementation of the bigger plan to make BUMN Fund.There are 30 companies with total managed fund of IDR260 trillion. It comes from insurance, pension funds, and wealth foundations. If the members increase to 40-50 companies, total managed fund may reach IDR300 trillion IDR330 trillion because not all pension funds have been included, Ministry of State-Owned Companies Mustafa Abubakar said after launching FKI BUMN in Jakarta yesterday.The forum of state companies, as he added, is formed for the sake of business expansion of them. Being a state company with high liquidity is one requirement to be a member of FKI BUMN. State-owned banks and securities can be investees or the parties lending the fund.Sectors getting benefit from the funding scheme are infrastructure, connectivity, communication, transportation, which are in line with the government program Master Plan of Acceleration and Expansion of Indonesian Economy Development (MP3EI).We want to improve synergy. In addition to funding from capital market and banks, FKI BUMN can be an alternative funding, Mustafa said.He affirmed that the forum would not hinder banks in disbursing credit. The fund amounting to IDR260 trillion will be included in state-owned investment commitment that reached IDR836 trillion.In running the forum, there will be some kind of basic rules to be discussed in Investment Committee of State-Owned Enterprises, which is led by Parikesit Suprapto, Deputy of Service Business in Ministry of SOE. However, the function of the committee is not more than guidance to make policy and monitoring.Chairperson of FKI BUMN Elvyn G. Masassya, who also serves as Investment Director at Jamsostek, added that the forum will work on 3 projects running in infrastructure and energy.Those projects to be financed will surely be analyzed first. Rule of game is being formed, she affirmed. (t04/msw)

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