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TEMPO.CO, Jakarta - The Investment Management Agency Danantara Indonesia plans to reduce the number of state-owned enterprises (SOEs), which currently stands at 1,063. Danantara aims to have business consolidation in each segment of state-owned enterprises.Rohan Hafas, Danantara's Managing Director of Stakeholder Management and Communication, said that PT Pertamina (Persero) will focus solely on oil and gas and will no longer be involved in the hotel business, as with Patra Jasa. All hotel business segments will be integrated under In Journey.Similarly, with the hospital business. Pertamina's hospital business will be merged into Indonesia Healthcare. "Basically, it will be unified according to the type of business," Rohan told the media on Friday, October 31, 2025.Additionally, Rohan stated that the governance of state-owned enterprises that have subsidiaries needs to be evaluated. Therefore, Danantara's goal is to consolidate the business segments of state-owned enterprises. "Gradually, there will be a reduction."On the same occasion, Rohan mentioned that Danantara is open to foreigners interested in sitting on the board of directors of state-owned enterprises. He believes that foreigners could serve as mentors and role models. "They actually bring examples or a roadmap that can be emulated," he said.Previously, President Prabowo Subianto asked Danantara to reduce the number of state-owned enterprises from around 1,000 to between 200 and 240. "I have given directions to Danantara's leadership to rationalize everything, to reduce it from 1,000 state-owned enterprises to a more rational number," said Prabowo in a dialogue with Chairman Forbes Media, Steve Forbes, at the Forbes Global CEO Conference 2025 at St. Regis, on Wednesday, October 15, 2025.After the reduction, Prabowo wants state-owned enterprises to be run with international standards. He believes that the reduction will increase the impact by 1 to 2 percent.Prabowo has also instructed Danantara to search for the best talent. The government has even changed regulations to open opportunities for foreign professionals to lead state-owned enterprises. "I have changed the regulations. Now, expatriates, non-Indonesians, can lead our state-owned enterprises," he said.Eka Yudha contributed to the writing of this articleEditor's Choice: Danantara Indonesia Partners with South Korean Firms to Cut Plasma ImportsClick here to get the latest news updates from Tempo on Google News
