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View all search resultsSOEs Ministry to be downgraded to agency under new bill
The proposal is part of a broader set of revisions to the SOEs Law, which is included in the 2025 Priority Legislative Program (Prolegnas).
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The logo of the State-Owned Enterprises (SOEs) Ministry is seen installed in front of the ministry's building in Jakarta on Jan. 1, 2025. (Shutterstock/Zaen_M)
T
he government plans to downgrade the State-Owned Enterprises (SOEs) Ministry into an agency, a senior lawmaker has said, as most of the ministry’s operational responsibilities have been transferred to Danantara, the state asset fund now in charge of nearly 900 state-run firms.
Deputy House Speaker Sufmi Dasco Ahmad said the ministry would not be merged into Danantara but would be renamed the SOEs Agency, with both the House and the government aiming to finalize the change next week before the House’s recess period.
“We believe there has already been plenty of public input, though we will continue to seek additional feedback. The aim is to complete the revisions before the recess,” Dasco told reporters on Wednesday, as quoted by Kumparan.
A day earlier, State Secretary Prasetyo Hadi also said that “there is a possibility” of reducing the SOEs Ministry’s status to that of an agency. However, the final decision will depend on deliberations in the House, including matters related to the status of current ministry employees.
“So, whatever the option, the best approach from a management perspective is to optimize and streamline our SOEs, even if there are consequences or implications for those currently serving in the SOEs Ministry. That’s part of what we’ll be considering later,” Prasetyo said.
The proposal to downgrade the SOEs Ministry is part of a broader set of revisions to the SOEs Law, which is included in the 2025 Priority Legislative Program (Prolegnas).
Read also: Prabowo names Danantara exec as interim SOEs minister
