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End of the Line for Erick Thohir

Monday, June 9, 2025

The establishment of Danantara ended the significant authority of the SOEs Minister. Eliminating the principle of checks and balances.

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THERE was once great hope when President Joko Widodo appointed Erick Thohir as Minister of State-Owned Enterprises (SOEs). With his experience running various businesses, Erick seemed a promising figure to fix the tangled mess of Indonesia’s state-owned enterprises, many of which were perpetually in the red, exploited by political elites, or mired in endless corruption.

Tempo dedicated its cover story of the November 23, 2019, issue to his

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Bagja Hidayat

Erick Thohir Danantara Jokowi SOEs Prabowo Subianto
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