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Danantara and SOEs Potential Collision of Interests

Monday, October 20, 2025

The Prabowo administration revised the State-Owned Enterprises Law twice in a year. Extending the bureaucratic chain.

arsip tempo : 176591996371.

Ministry of State-Owned Enterprises Building in Jakarta, October 17, 2025. Tempo/Martin Yogi Pardamean. tempo : 176591996371.

TWO weeks after the enactment of Law No. 16/2025 on the Fourth Amendment to Law No. 19/2003 concerning State-Owned Enterprises (SOEs), President Prabowo Subianto reiterated his targets for Indonesia’s state-owned companies. One of his boldest goals is to slash the number of SOEs from around 1,000 to between 200 and 400. “That’s a more rational figure,” Prabowo said at the Forbes Global CEO Conference in Jakarta on Wednes

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Hendrik Yaputra contributed to the writing of this article. 

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