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View all search resultsSOEs
Regulations 5 months ago
PREMIUM
Prabowo pushes greater state role to fuel his growth dream
Through policy decrees and institutional restructuring, Prabowo has tightened the state’s authority over fiscal resources and assets, as evident in his push for a more active role for state-owned enterprises (SOEs) in key industries and top-down approach to welfare.
Companies 5 months ago
PREMIUM
Prabowo ally named Garuda Indonesia CEO, strengthening control
Garuda Indonesia has appointed Glenny H. Kairupan, a retired military officer and member of President Prabowo Subianto’s Gerindra party, as its new CEO, a move analysts say tightens political oversight of the state-owned enterprise.
Opinion 5 months ago
PREMIUM
Analysis: RI revises SOE Law, transforming ministry into regulatory agency
Indonesia has again amended Law No. 1/2003 on State-Owned Enterprises (SOEs), formally transforming the SOEs Ministry into the SOEs Regulatory Agency (BP BUMN). The amendment marks a significant shift in governance, transferring the ministry’s operational authority to the Daya Anagata Nusantara (Danantara) Investment Management Agency, while BP BUMN will retain a purely regulatory role. In effect, the change consolidates Danantara’s control over the management of SOEs, as its Chief Operating Officer, Dony Oskaria, has been appointed to concurrently lead BP BUMN, aligning the two institutions’ operational and oversight functions.
Politics 5 months ago
PREMIUM
Gerindra dominates SOE commissioner seats, survey shows
The dominance of politically connected figures in state-owned enterprises (SOEs) is again under scrutiny after a survey revealed that one-third of commissioner seats are held by political appointees, many linked to President Prabowo Subianto’s Gerindra party.
