#State-Owned Enterprises (SOEs)
House pushes for more efficient management of state-owned firms offering public service obligations
The House of Representatives (DPR) has asked the government to improve the efficiency and effectiveness of state-owned enterprises (SOEs) tasked with managing public service obligations (PSO), emphasizing that massive state subsidies must translate into real benefits for the public.
Indonesia Stock Exchange targets 50 IPOs in 2026
The Indonesia Stock Exchange (IDX) has set a target of 50 initial public offerings (IPOs) for 2026, while revising this year’s target down from 66 to 45 companies.
Prabowo inaugurates leadership structure of new SOEs regulatory agency
President Prabowo Subianto inaugurated the leadership structure of Indonesia’s newly established State-Owned Enterprises (SOEs) Regulatory Agency (BP BUMN) in a ceremony held at the Presidential Palace in Jakarta on Wednesday, October 8, 2025.
New SOE law strengthens KPK’s authority to probe state-owned enterprises
The Corruption Eradication Commission (KPK) has gained greater legal clarity and authority to investigate corruption within state-owned enterprises (SOEs) following the ratification of the revised State-Owned Enterprises Law.
House passes landmark bill restructuring state-owned enterprises
The House of Representatives (DPR) on Thursday, October 2, 2025, passed the long-awaited revision of the State-Owned Enterprises (SOEs) Law, marking a historic shift in how Indonesia manages its state companies.
Prabowo slams SOEs mismanagement, puts faith in Danantara for jobs, growth
President Prabowo Subianto has renewed his commitment on the Indonesian people’s livelihood, citing that the establishment of the state investment management agency BPI Danantara’s will help create millions of jobs.
House-Government endorse sweeping revisions to State-owned Enterprises Law
The House of Representatives (DPR) and the government on Friday, Sept. 26, 2025, approved the draft bill for the fourth amendment to Law No. 19/2003 on State-Owned Enterprises (SOEs), marking another round of rapid legislative changes less than seven months after the third amendment was passed.
House accelerates deliberation of revised SOE law amid institutional changes
The House of Representatives (DPR) Commission VI is expediting discussions on the revision of Law No. 1/2025 on State-Owned Enterprises (SOEs) following the transfer of several SOEs ministerial functions to the Daya Anagata Nusantara Investment Management Agency (Danantara), which was established in late February 2025.
Dony Oskaria named acting SOEs minister as Erick Thohir moves to Youth and Sports Ministry
President Prabowo Subianto has appointed Deputy Minister of State-Owned Enterprises (SOEs) Dony Oskaria as acting SOEs minister following Erick Thohir’s transfer to lead the Youth and Sports Ministry.
Danantara mulls merger of Pelita Air and Garuda Indonesia
The sovereign wealth agency, BPI Danantara, is studying the potential merger between state-owned carriers Pelita Air and Garuda Indonesia in an effort to boost efficiency and optimize resources.
Indonesia to crack down on illegal mining in forestland starting September 1
Indonesia’s forestry task force will begin a crackdown on illegal mining operations in forest areas covering about 4.27 million hectares starting Monday, September 1, 2025.
Fortune Indonesia unveils 2024 list of top 100 companies by revenue
Fortune Indonesia has released its 2024 list of the 100 largest companies in the country, ranked by revenue, with companies on the list reporting a minimum revenue of Rp11.42 trillion (about US$700 million), up from last year’s threshold of Rp10.54 trillion.