Forty-seven PTPN subsidiaries to be trimmed
Jakarta, CNBC Indonesia — The trimming of business entities within the state-owned company framework continues through consolidation efforts. BP BUMN and BPI Danantara are overseeing the reduction in the Perkebunan Nusantara (PTPN) group from previously 65 companies to 18.
Kepala BP BUMN Dony Oskaria said this effort is part of a major streamlining and transformation step to strengthen the national plantation industry.
‘This move is made to create a leaner corporate structure, more effective governance, more efficient operations, and stronger competitiveness in the plantation sector,’ he said on his Instagram account on Thursday (21/5/2026).
BP BUMN has held meetings with the PTPN Directors to discuss the progress of streamlining and strategic transformation. In these discussions, PTPN continues to strengthen its focus on core business, optimise assets, improve productivity, and consolidate the research and development functions for the plantation business.
’ Through this transformation, BP BUMN and Danantara are pushing PTPN to become a more competitive plantation company, adaptable to global industry dynamics, and capable of making a tangible contribution to national commodity resilience,’ he added.
Previously, Dony Oskaria, who is both Head of BP BUMN and COO of Danantara, led a meeting with PT Danantara Asset Management on Tuesday (19/05) regarding evaluation and acceleration of BUMN streamlining. The move follows President Prabowo Subianto’s directive to speed up transformation and organisation of BUMN to be more effective, efficient, and focused on strategically valuable core business lines for the country.
Dony revealed that to date, 180 BUMN-affiliated companies have been reorganised through various schemes, from consolidation, restructuring, divestment, to dissolution.
He said the restructuring is part of a comprehensive transformation to simplify corporate structures, reduce business redundancies, and ensure every entity has a clear role in creating economic value and boosting national competitiveness.
In the meeting, Dony stressed that accelerating BUMN transformation must be achieved through measurable, adaptive fundamental restructuring focused on performance.
‘Streamlining BUMN must ensure each company concentrates on its core business, maintains strong governance, and can deliver real added value for the state and the people,’ he stated.
In line with these directives, the meeting focused on accelerating the completion of corporate structures that are not yet optimal, including governance enhancement, sharpening business directions, and asset optimisation.
Additionally, the company structures considered overlapping and needing to operate more nimbly, professionally, and competitively in facing market dynamics.
BP BUMN and Danantara emphasised that this restructuring is not merely a reduction in the number of companies, but a strategic measure to strengthen the foundations of the BUMN sector as a whole.
Through more targeted planning, the state-controlled corporations are expected to become more effective and efficient, operate according to professional corporate principles, be competitive in the market, and contribute real value to the state treasury and society.