President Prabowo Subianto says modernising Indonesia’s state‑owned enterprises is a top priority. He wants new rules and fresh oversight to bring the companies on a more efficient, transparent path—just as the government has pushed for a stronger sovereign‑wealth fund, Danantara.
Prabowo, now in office, said the changes will boost productivity and attract investment. “We’re looking to upgrade our big firms so they can compete globally,” he told reporters. “A solid regulator and Danantara working together can turn that vision into reality.”
What does that mean for Indonesia’s state‑owned businesses? The plan is to create a dedicated regulator that will set standards, monitor performance and enforce reforms. It will team up with Danantara, which aims to hold strategic shares and build a more durable and transparent investment structure for state assets.
Stakeholders say the new approach could bring clearer accountability and better use of public funds. Analysts note that the combination of a strong regulator and Danantara’s market‑friendly stance can help lift Indonesia’s enterprises to the standards of global peers.
The move comes after a series of announced reforms, including plans to reduce redundant state units and improve corporate governance. The government hopes the new regulator will also cooperate with other agencies to cut red tape and promote innovation.
For ordinary Indonesians, the outcome of these reforms will show in how well state‑owned businesses operate—from improving road infrastructure to expanding digital services. The next steps will involve drafting precise rules, establishing the regulator’s team, and aligning Danantara’s investment policy with the nation’s growth goals.
In short, President Prabowo’s focus on reforming state‑owned enterprises and launching a partnership between a new regulator and Danantara could put Indonesia’s big firms on a much stronger footing—making them more competitive internationally while keeping the public’s interest front and centre.
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