Prabowo Calls for Accelerated Downstreaming, SOE Restructuring
Prabowo held a limited meeting with several ministers in Hambalang on Friday, September 4, 2026.
Indonesian President Prabowo Subianto has called for accelerated downstreaming and restructuring of state-owned enterprises (SOEs) during a meeting with key ministers. The discussion, held in Bogor District, West Java, focused on boosting the value addition of domestic natural resources, strengthening investment, and generating greater economic benefits for the nation.
During his State of the Nation Address in August, Prabowo highlighted that SOE profits will be redirected to accelerate national downstreaming programs and strengthen Indonesia's position in global supply chains. Since September 4, 290 SOEs have been closed, saving up to Rp50 trillion (around US$2.83 billion) in state funds, with a target to shutter at least 700 more by the end of December 2026 to simplify the state corporate structure.
The SOE restructuring is projected to generate budget efficiencies of up to Rp100 trillion (approximately US$5.67 billion).
Brief written by urgent.news from Tempo.co English's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
