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View all search resultsFinance Minister Purbaya Yudhi Sadewa expects Danantara to remit Rp 120 trillion ($6.76 billion) in dividends from state-owned enterprises (SOEs) to the state budget this year, marking a change from the initial plan for running the state asset fund.
The appointments of a personal assistant of Raffi Ahmad, President Prabowo Subianto’s special envoy, and a pro-government youth leader to commissioner posts at two state-linked companies have reignited debate over patronage politics.
Danantara CEO Rosan Roeslani’s consolidation drive to reduce the number of SOEs from more than 1,000 to just over 200 will only succeed if accompanied by transparent governance, political will and an overdue reset in the business culture at state firms, economists say.
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