IDPresident Prabowo Subianto announced that his administration has closed 290 state-owned enterprises (SOEs) in less than two years, saving Rp50 trillion (approximately US$2.8 billion) in operating costs. He stated that these closures targeted underperforming and unprofitable companies, aiming to improve efficiency and reduce routine expenses. Prabowo emphasized plans to further cut SOE numbers to between 200 and 250 by 2026, projecting potential annual savings of up to Rp100 trillion. The government also identified additional annual savings of nearly Rp300 trillion, which would be redirected toward public benefit programs.
Bias read (Conservative): The article frames the closure of SOEs as a positive economic reform led by Prabowo’s administration, emphasizing cost-saving measures and efficiency improvements. It highlights the government’s proactive approach to reducing public sector inefficiencies, aligning with conservative economic policies
