# Danantara Indonesian SOE restructuring

> Live situation record from CLSTR: https://clstr.news/situations/danantara-indonesian-soe-restructuring
> Updated: 2026-10-26T05:15:23.000Z. Sources: 11. Developments: 2.

Danantara is implementing a large-scale structural overhaul of Indonesia’s State-Owned Enterprises (SOEs) to improve efficiency and profitability. The agency aims to reduce the number of SOEs from 1,074 entities to fewer than 200 by 2030, addressing significant annual losses and structural inefficiencies.

Chief Operating Officer Dony Oskaria has announced a five-year roadmap to achieve this goal. The strategy includes the liquidation of 213 companies and the consolidation of approximately 200 others through mergers across sectors such as industrial zones, hospitals, and insurance. Currently, 52% of these state-owned companies are reportedly losing approximately Rp23 trillion annually, with systemic inefficiencies costing an estimated US$2 billion per year.

As part of this transformation, Danantara has already closed or streamlined 364 loss-making or inefficient companies. The restructuring strategy involves a four-pillar approach utilizing mergers and liquidations, such as consolidating 23 industrial zones into one entity, merging 60 hospitals under a single parent company, and unifying 120 hotels. Additionally, the agency is exploring investments in the national textile industry to support labor-intensive employment.

In specific sector developments, Danantara canceled a planned merger between PT Pelabuhan Indonesia (Pelindo) and PT PELNI, citing fundamentally different business models between port infrastructure management and maritime transportation. The agency is also managing waste-to-energy projects and has issued new professional guidelines prohibiting directors and commissioners from using company facilities for personal use.

## Claims

- Danantara aims to reduce 1,074 state-owned enterprises to fewer than 200 entities by 2030. (corroborated by 2 sources)
- 52% of the 1,074 state-owned enterprises are losing approximately Rp23 trillion per year. (corroborated by 2 sources)
- BNI's CASA grew 19.6% year-on-year to Rp733.7 trillion as of September 2026. (corroborated by 2 sources)
- Danantara has already closed or streamlined 364 loss-making or inefficient companies. (single source)
- Inefficiencies in the current state-owned enterprise structure cost approximately US$2 billion annually. (single source)
- BNI recorded a pre-provision operating profit of Rp27.5 trillion for January–September 2026. (single source)
- Danantara is exploring investments in the national textile industry. (single source)
- PTPN I EBITDA has reached a positive value of Rp1.9 trillion. (single source)

## Timeline

### 2026-10-26: Danantara initiates massive restructuring of Indonesian state-owned enterprises

Danantara Indonesia is restructuring 1,074 state-owned enterprises, aiming to reduce them to under 200 entities by 2030 to curb annual losses of Rp23 trillion.

11 sources. https://clstr.news/cluster/danantara-reports-184-increase-in-indonesian-soe-profits

### 2026-10-12: Danantara cancels Pelindo and PELNI merger

Danantara has canceled the merger between Pelindo and PELNI due to differing business models, as part of a broader BUMN transformation to strengthen Indonesia's maritime and economic infrastructure.

2 sources. https://clstr.news/cluster/danantara-cancels-pelindo-and-pelni-merger

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Cite as: Danantara Indonesian SOE restructuring. CLSTR, https://clstr.news/situations/danantara-indonesian-soe-restructuring