The Indonesian government will close more than 750 state-owned enterprises by year's end, President Prabowo Subianto said on Aug 14, mulling the possibility of a special court to investigate "unproductive" boards.

Indonesia's President Prabowo Subianto announces plans to close over 750 state-owned firms by year-end, aiming for massive corporate restructuring and cost

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.