Danantara Has Closed 290 State-Owned Enterprises

Jakarta – Danantara CEO Rosan Perkasa Roeslani, who also serves as Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), has stated that 290 state-owned enterprises (BUMN) have been closed. The closures are part of a transformation programme for BUMN management aimed at making it leaner, more effective, and more efficient.

Rosan said the closures were carried out through divestment, mergers, liquidation, vertical consolidation, and other measures.

“As of today, we have reduced the number by around 290 companies that we have closed through divestment, through mergers, liquidation, vertical consolidation, and other measures,” Rosan said during a press conference on the 2027 State Budget Plan and Financial Note at the Directorate General of Taxes head office in Jakarta on Friday (14/8/2026).

Rosan cited the example of mergers involving asset management companies previously owned separately by each state-owned bank and financial institution. These companies have now been merged to improve efficiency.

“We are also continuing to merge hospitals. After merging them, we have around 137 hotels, which we have also merged,” he explained.

Rosan said the streamlining process is ongoing. The target is to have only 300 BUMN by the end of the year.

Rosan acknowledged that the process is not easy. However, he remains confident that the target can be achieved. He argued that leaving only around 300 BUMN would create efficiency, increase productivity, and optimise existing assets.

“The target is indeed that by the end of this year we can reach approximately 300 state-owned enterprises in the end,” he concluded.