It’s Time Indonesia Hired Actual Experts to Run Its State-Owned Enterprises

Indonesia’s SOEs stay trapped in a cycle of patronage and inefficiency. Real reform means hiring global experts and actually letting them lead.

Indonesia’s State-Owned Enterprises (BUMNs) are, by the government’s own admission, bloated, inefficient, and riddled with underperforming assets. In any other system, that would spark emergency action. In Indonesia, it sparks job rotations, ribbon cuttings, and maybe a soft-launch of another committee. Enter Danantara, a newly minted sovereign fund wit…