Indonesia state firms face their biggest shake-up in decades as President Prabowo moves to cut state-owned enterprises from more than 1,000 to about 250.
Indonesia · ECONOMY
Key Facts
—The target: President Prabowo Subianto wants to cut state-owned entities from more than 1,000 to about 250 within two years.
—The scale: More than 750 entities would be closed, merged, or consolidated under the plan.
—Progress so far: Around 240 to 250 entities had already been closed, merged, or consolidated by mid-2026.
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