Prabowo Calls for Accelerated Downstreaming, SOE Restructuring
8 Articles
8 Articles
Prabowo is targeting the closure of at least 700 more state-owned enterprises by the end of December 2026.
President Prabowo Subianto is targeting the closure of another 700 state-owned enterprises by December 2026 to achieve Rp100 trillion in budget efficiency.
Prabowo summoned Bahlil and Danantara officials to Hambalang to discuss streamlining state-owned enterprises (BUMN) and accelerating downstreaming of natural resources.
President Prabowo Subianto is pushing for accelerated downstreaming and continuing the restructuring of state-owned enterprises. He has set a significant target of closing 70 state-owned enterprises.
The government is closing 290 state-owned enterprises (SOEs) with savings of Rp50 trillion and is targeting the consolidation of another 700 SOEs by the end of 2026.
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