Indonesia to Close More Than 750 State Owned Enterprises as Part of Radical Overhaul Indonesia's President Prabowo Subianto has announced plans to close more than 750 underperforming state owned enterprises by the end of 2026, a move aimed at eliminating waste and inefficiency in the public sector.
This overhaul is part of a broader effort to address long standing issues of corruption and mismanagement within these companies. The country's struggle with governance and accountability has been well documented.
Indonesia ranked 34 out of 100 on Transparency International's Corruption Perceptions Index in 2025, highlighting the need for systemic change.