Danantara Chief: 652 State-Owned Enterprises to Be Dissolved

BP BUMN, together with BPI Danantara, is continuing the SOE transformation programme by accelerating company streamlining in an effort to build a leaner, more effective, and efficient structure.

Head of BP BUMN and Danantara COO Dony Oskaria stated that 652 state-owned companies will be cut, leaving only 250 SOEs.

"In total, approximately 652 companies will be eliminated. So later we will only have 250 companies," Dony said in an official statement on Friday (7/8/2026).

To date, 274 entities have been reorganised as part of the SOE management transformation.

"We previously reported how we are carrying out streamlining. The result now is that we have streamlined 274 companies," he added.

Dony also held a meeting with the President’s Special Envoy to discuss the progress of the SOE transformation. The meeting also outlined a number of positive impacts from the transformation that are beginning to be felt across several SOEs.

For context, several SOEs mentioned in the consolidation process include PT Telkom Indonesia (Persero) Tbk, which will cut 34 subsidiaries. Furthermore, the insurance, guarantee, and investment SOE holding company Indonesia Financial Group (IFG) will be reduced to just 12 business entities within its ecosystem. In addition, PT Pupuk Indonesia (Persero) will also cut 42 of its business entities, leaving 15 companies.