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View all search resultsThrough 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.
A newly revised regulation leans more toward legal protection, even verging on legal immunity, rather than addressing the root causes that have long undermined the performance and integrity of SOEs.
The lack of a checking mechanism for underperforming deputy ministers raises the risk of conflicts of interest for cabinet members holding double positions as state-owned enterprises (SOEs) commissioners, which may undermine the government's overall performance, experts have warned.
Several new articles included in the revised State-Owned Enterprises (SOEs) Law suggest that state-owned firm’s directors, commissioners and supervisory board members are not considered state officials, potentially limiting the antigraft body’s authority over them.
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