TheJakartaPost
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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.
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.
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.
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.
Recent appointments of deputy ministers as commissioners at state-owned enterprises (SOEs) in spite of a court ruling prohibiting the practice have garnered criticism that the government is exploiting the grace period before the ban takes place.
Experts view the empty minister’s seat as evidence of the ministry’s waning purpose, as many of its former responsibilities have moved to Danantara, the country’s state asset fund now in charge of nearly 900 state firms.
The controversy over double jobs for deputy ministers should now end after the Constitutional Court prohibited them from serving as commissioners in state-owned enterprises (SOEs), reinforcing its previous ruling that barred ministers and other high-ranking officials from holding such positions.
