Prabowo targets cutting Indonesian state firms to 300

Indonesia's state-owned enterprises are set for a significant overhaul, with President-elect Prabowo Subianto targeting a reduction to just 300 companies by the end of the year. This ambitious plan aims to streamline the vast landscape of government-controlled businesses, focusing on efficiency and cost savings.

The primary drivers behind this consolidation are the need for restructuring and the pursuit of greater economic efficiency. Prabowo's administration intends to retain only those state-owned firms that are deemed productive and essential to the nation's economic growth. This selective approach signals a shift towards optimizing resource allocation and ensuring that state assets contribute more effectively to the Indonesian economy.

This initiative is a key component of Prabowo's broader economic agenda. By reducing the number of state-owned firms, the government seeks to cut operational costs, minimize potential inefficiencies, and foster a more competitive business environment. The plan underscores a commitment to modernizing Indonesia's economic structure and enhancing its global competitiveness.