Indonesia trims 240 state‑owned firms as BUMN consolidation accelerates

The Indonesian government is accelerating a major restructuring of state‑owned enterprises (BUMN). President Prabowo Subianto has set a target to cut the number of BUMN from more than 1,000 to about 250, and by July 2026 around 240 entities have already been trimmed. BP BUMN chief Dony Oskaria, also COO of Danantara, said the goal is to manage all BUMN assets as “a single large force” and stressed that integrated management will deliver greater benefits for the state, business community and society. Danantara reported that the 2025 consolidated financial statements are being finalised, noting strong profit growth at several BUMN, including Pertamina’s 80 % jump to Rp 24.9 trillion, Pupuk Indonesia’s 202 % rise to Rp 4.8 trillion, and Pelindo’s 169 % increase to Rp 1.5 trillion.

Government communication chief Muhammad Qodari highlighted the importance of diverse commissioners, stating the two basic qualifications are “common sense and good intent,” and said varied backgrounds bring fresh perspectives to BUMN oversight. Recent appointments of non‑traditional figures to BUMN boards have sparked public debate, underscoring the broader governance reforms accompanying the consolidation drive.