Commission III of the West Java Regional House of Representatives (DPRD) has issued a firm instruction to the management of PT Jasa Sarana to immediately shut down all unprofitable business lines. This thorough evaluation step was taken following the financial condition of the infrastructure regional state-owned enterprise (BUMD) which has continued to decline sharply recently.
The audit results of Commission III show that the company's total assets, which previously exceeded IDR 1 trillion, have now shrunk to around IDR 500 billion. The company's debt burden, which still reaches IDR 170 to IDR 180 billion, is further squeezing the net asset value of the BUMD, which now stands at only around IDR 400 billion.
Chairman of Commission III of the West Java DPRD, Jajang Rohana, emphasized the need for a more focused business strategy change. According to him, the company must shift resources to productive sectors with clear profit prospects, considering that currently the company's operations are still running at an average deficit of IDR 3 billion per year.
As a tactical solution, the legislature is encouraging asset optimization through the divestment of assets deemed unproductive or idle. Funds from the sale are expected to be reinvested as additional capital for business units that have the potential to make a real contribution to regional revenue.
The intensive oversight conducted by the West Java DPRD aims to ensure PT Jasa Sarana returns to a path of professionalism and sound corporate governance. It is hoped that with these management improvements, the BUMD will no longer be a burden on the provincial government budget, but will instead be able to make a significant contribution to Regional Original Revenue (PAD).
