Danantara Reveals 167 SOEs Have Been Liquidated

Danantara’s Operational Director Dony Oskaria noted that, as of 28 April 2026, 167 state-owned enterprises (SOEs) have been liquidated over the past year. This is part of the optimisation of SOEs to create more effective and efficient businesses.

“The total number liquidated is approximately 167 companies up to today,” Dony said when met on the sidelines of the Jakarta Globe Insight event held in Jakarta on Tuesday (28/4/2026).

He emphasised the government’s commitment to a comprehensive transformation and restructuring by cutting 1,077 companies to around 200–300 companies. Dony, who is also the Head of the SOE Monitoring Agency, stated that the streamlining process for SOEs will be fully executed in 2026, as instructed by President Prabowo Subianto.

In addition to liquidation, there are three other SOE optimisation strategies: divestment, consolidation, and restructuring.

Liquidation is carried out for companies whose debt burden far exceeds their assets and which lack market competitiveness. Divestment is applied to small-scale companies outside the core business, such as travel agencies owned by energy SOEs.

Another crucial step is the merger or consolidation of companies based on industrial sectors, such as logistics, hospitals, and hospitality, to achieve large economies of scale.

“Asset management will be united, then hotels and others will be united, and posts and logistics will be united,” Dony said.

Danantara is also targeting the consolidation of SOEs in the securities and insurance sectors. These steps are the government’s efforts to achieve efficiency in SOEs.

In addition to streamlining, Dony also emphasised a fundamental paradigm shift in interactions between SOEs. The term “SOE synergy” is now firmly replaced with obligation.

This step is taken alongside the formation of the Danantara Sovereign Wealth Fund, which will consolidate state assets to make them more focused and globally competitive.