{
    "success": true,
    "data": {
        "id": 1706517,
        "msgid": "indonesia-liquidates-167-soes-in-major-restructuring-drive-danantara-1777380718",
        "date": "2026-04-28 18:39:21",
        "title": "Indonesia liquidates 167 SOEs in major restructuring drive: Danantara",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Business",
        "summary": "Indonesia has liquidated 167 state-owned enterprises (SOEs) as part of a sweeping restructuring programme led by Danantara, aiming to reduce the total number of SOE-linked companies from 1,077 to 200-300 by 2026, in line with President Prabowo Subianto's directives. The initiative includes divestment of non-core assets, consolidation across sectors like logistics, hospitals, and hospitality to achieve economies of scale, and a shift towards binding operational obligations among SOEs to enhance efficiency. As a sovereign wealth fund, Danantara seeks to transform state assets into a more strategic and globally competitive structure, bolstering Indonesia's economic development.",
        "content": "<p>\u201cUp to today, around 167 companies have been liquidated,\u201d he said\nduring the Jakarta Globe Insight event in Jakarta on Tuesday.<\/p>\n<p>He emphasized the government\u2019s commitment to a comprehensive\ntransformation and restructuring program aimed at reducing the number of\nSOE-linked companies from 1,077 to around 200\u2013300 entities.<\/p>\n<p>Oskaria, who also heads the SOE regulatory body Ministry of\nState-Owned Enterprises Indonesia, said the streamlining process is\ntargeted for completion in 2026, in line with President Prabowo\nSubianto\u2019s directive.<\/p>\n<p>In addition to liquidation, three other optimization strategies are\nbeing implemented: divestment, consolidation, and restructuring.<\/p>\n<p>Liquidation is applied to companies whose debt burdens significantly\nexceed their assets and which lack market competitiveness.<\/p>\n<p>Divestment targets smaller firms operating outside core business\nareas, such as travel agencies owned by energy SOEs. Another key step is\nconsolidation or mergers based on industry sectors, including logistics,\nhospitals, and hospitality, to achieve greater economies of scale.<\/p>\n<p>\u201cAsset management entities will be integrated, hotels will be\nconsolidated, and postal and logistics services will also be unified,\u201d\nhe said.<\/p>\n<p>Danantara is also targeting consolidation in the securities and\ninsurance sectors as part of its efficiency drive. Beyond restructuring,\nOskaria highlighted a fundamental shift in the inter-SOE relationship\nparadigm, with the term \u201cSOE synergy\u201d now replaced by a binding\noperational obligation.<\/p>\n<p>This move aligns with Danantara\u2019s role as a sovereign wealth fund\nmanagement institution, which aims to consolidate state assets into a\nmore strategic and globally competitive structure.<\/p>\n<p>Related news: Indonesia seeks stronger SOE role in national\ndevelopment efforts<\/p>\n<p>Related news: Prabowo, Dalio discuss Danantara\u2019s role as driver of\neconomic growth<\/p>\n<p>Translator: Putu, Kenzu<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-liquidates-167-soes-in-major-restructuring-drive-danantara-1777380718",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}