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What does BUMN stand for? 

What does BUMN mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: BUMN.

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BUMN

Badan Usaha Milik Negara

International » Indonesian

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BUMN

Badan Usaha Milik Negera

Miscellaneous » Unclassified

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BUMN

Badan Usalu Milik Negara

Miscellaneous » Unclassified

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What does BUMN mean?

bumn
In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businessess, and source of government revenue. The Ministry of State Owned Enterprises represents the government's function as a shareholder of those companies. Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs is controlled by Ministry of State Owned Enterprise while BUMDs is directly controlled by local government. BUMDs roles are similar with BUMNs, with heavy emphasis on providing goods or services to the local community. In addition, there are also village-owned enterprises which are run by village governments.

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    NBA
    • A. National Basketball Association
    • B. National Boring Association
    • C. National Basketball Arena
    • D. National Baseball Association

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