LIABILITY OF STATE-OWNED HOLDING COMPANY IN FACING THE IMPACT OF COVID-19 PANDEMIC

Abstract

Covid-19 is declared as World Pandemic by WHO and non-natural disaster by Indonesia. Indonesia has reached 333,000 Covid-19 cases per 11 October 2020. The increasing number of Covid-19 cases is resulting in exhaustion of patient shelters. Physical distancing is resulting in economic aftermath. Handling the impact of Covid-19 is implemented under Presidential Decree number 11 and 12 of 2020. State-Owned Holding Company (SOHC) established to manifest the mandate of Article 33 of the Indonesian Constitution has a moral obligation to handle the Covid-19 impact. Various attempts are made in response to people suffering from the pandemic. The purpose of this research is to see if SOHC has functioned as a Public Service Obligation (PSO) or a profit-oriented entity. Normative-empirical legal research was used by collecting literature, regulations, and updated news online and printed to answer how SOHC assists in handling the Covid-19 impact. The research shows that SOHC maintains health, social safety, and purchasing power or anything related to business. Each sector of SOHC is functioned as (PSO) in handling the Covid-19 impact. Indonesia must create decent legal construction in SOHC looking at the attempts made to manifest the mandate of Article 33 in handling the impact of Covid-19.