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Indonesian President Prabowo said that a special court may be set up to investigate former board members of state-owned enterprises over the past 30 years. Prabowo said that when the current government established the Danantara Sovereign Wealth Fund, hundreds of state-owned enterprises used to “do whatever they want without any restrictions.” In his second State of the Union address, he said that relevant officials who “repent and acknowledge their faults” can be granted amnesty. Prabowo aims to limit the number of state-owned enterprises to less than 300 by the end of 2026, adding that the government has shut down 290. The move has saved IDR 50 trillion in management expenses, and the goal is to achieve cumulative savings of over IDR 70 trillion by the end of the year. Earlier in his speech, Prabowo said he is confident that Indonesia's economic growth rate will reach 6% by the end of 2026.
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Indonesian President Prabowo said that a special court may be set up to investigate former board members of state-owned enterprises over the past 30 years. Prabowo said that when the current government established the Danantara Sovereign Wealth Fund, hundreds of state-owned enterprises used to “do whatever they want without any restrictions.” In his second State of the Union address, he said that relevant officials who “repent and acknowledge their faults” can be granted amnesty. Prabowo aims to limit the number of state-owned enterprises to less than 300 by the end of 2026, adding that the government has shut down 290. The move has saved IDR 50 trillion in management expenses, and the goal is to achieve cumulative savings of over IDR 70 trillion by the end of the year. Earlier in his speech, Prabowo said he is confident that Indonesia's economic growth rate will reach 6% by the end of 2026.
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