T

he government must cancel its plan to pour bailout funds into state-owned enterprises (SOEs). There are many other options to help state companies. Instead of restoring the national economy that has been adversely affected by the Covid-19 pandemic, it is not impossible that this Rp19.65 trillion will end up costing the nation.

This plan was decided in a meeting of a number of cabinet ministers on Wednesday, June 3. The program is part of the