Tangerang, Banten, Nov. 26 -- Cooperatives Minister Ferry Juliantono has urged private companies and state-owned enterprises (SOEs) to mentor Red and White Village Cooperatives to help them operate more effectively.

"Going forward, SOEs and private companies must act as mentors for the village cooperatives so they can function properly," he told the press on the sidelines of the Kompas100 CEO Forum in South Tangerang, Banten, on Wednesday.

He said such collaboration would help create more balanced growth between SOEs, the private sector, and cooperatives.

Juliantono noted that, in line with President Prabowo Subianto's vision, the village cooperatives were established to restore an equitable economic system and serve as a constitutiona...