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View all search resultsThe first major program launched by Tanri Abeng, a professional corporate manager who was appointed in the early 1998 by then president Soeharto as the first state-owned enterprises (SOE) minister, was to consolidate state companies within similar business sectors under holding companies.
President Joko “Jokowi” Widodo has said the establishment of several holding companies is aimed at improving the performances of Indonesia’s state-owned enterprises (SOEs) so they can become world-class companies and increase their role as the prime driver of the country’s economy amid tighter global competition.