{
    "success": true,
    "data": {
        "id": 1908828,
        "msgid": "danantara-chief-reveals-soe-streamlining-652-companies-to-be-eliminated-1786258285",
        "date": "2026-08-09 12:40:37",
        "title": "Danantara Chief Reveals SOE Streamlining, 652 Companies to Be Eliminated",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian government is accelerating the transformation of state-owned enterprises (SOEs), with plans to reduce the total number of companies from over 900 to just 250. BP BUMN and Danantara Chief Dony Oskaria confirmed that 652 companies will be eliminated as part of the streamlining effort. The restructuring has already seen 274 entities consolidated, with major firms like Telkom and Pupuk Indonesia significantly reducing their subsidiaries.",
        "content": "<p>BP BUMN, together with BPI Danantara, continues to intensify the SOE\ntransformation programme. One of the ways this is being realised is\nthrough accelerating company streamlining as an effort to build a\nleaner, more effective and efficient structure.<\/p>\n<p>Head of BP BUMN and Danantara COO Dony Oskaria said that 652\nstate-owned companies will be cut. As a result, only 250 SOEs will\nremain.<\/p>\n<p>\u201cIn total, approximately 652 companies will be eliminated. So that\nlater we will only have 250 companies,\u201d Dony said in an official\nstatement, quoted on Sunday (9\/8\/2026).<\/p>\n<p>To date, 274 entities have been restructured as part of the SOE\nmanagement transformation.<\/p>\n<p>\u201cWe previously reported how we carried out streamlining. The result\nnow is that we have streamlined 274 companies,\u201d he explained.<\/p>\n<p>Furthermore, Dony has held a meeting with the President\u2019s Special\nEnvoy to discuss the progress of the SOE transformation. The meeting\noutlined a number of positive impacts from the transformation that are\nbeginning to be felt across several SOEs.<\/p>\n<p>For information, a number of SOEs mentioned in the consolidation\nprocess include PT Telkom Indonesia (Persero) Tbk (TLKM), which will cut\n34 subsidiaries.<\/p>\n<p>In addition, the SOE holding company for Insurance, Guaranteeing, and\nInvestment, Indonesia Financial Group (IFG), will be reduced to just 12\nbusiness entities within its ecosystem.<\/p>\n<p>Moreover, PT Pupuk Indonesia (Persero) will also cut 42 of its\nbusiness entities, leaving 15 companies.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/danantara-chief-reveals-soe-streamlining-652-companies-to-be-eliminated-1786258285",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}