Prabowo Says Indonesia's 290 SOE Closures Saved Rp50 Trillion

Tempo08-31 18:47

TEMPO.CO, Jakarta - President Prabowo Subianto said Monday that his administration had shut down 290 state-owned enterprises (SOEs) that he described as unprofitable or underperforming, claiming the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2663004812?lang=en_US&edition=fundamental","thumbnail":"https://statik.tempo.co/data/2026/08/13/id_1486127/1486127_720.jpg","is_english":true,"pubTime":"2026-08-31 18:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2663004812","market":"fut","top_or_hot":-1,"title":"Prabowo Says Indonesia's 290 SOE Closures Saved Rp50 Trillion","media":"Tempo","content":"<div>\n<p>TEMPO.CO, Jakarta - President Prabowo Subianto said Monday that his administration had shut down 290 state-owned enterprises (SOEs) that he described as unprofitable or underperforming, claiming the ...</p>\n\n<a href=\"https://en.tempo.co/read/2118639/prabowo-says-indonesias-290-soe-closures-saved-rp50-trillion\">Source Link</a>\n\n</div>\n","source":"tempo_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prabowo Says Indonesia's 290 SOE Closures Saved Rp50 Trillion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrabowo Says Indonesia's 290 SOE Closures Saved Rp50 Trillion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-31 18:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://en.tempo.co/read/2118639/prabowo-says-indonesias-290-soe-closures-saved-rp50-trillion><strong>Tempo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TEMPO.CO, Jakarta - President Prabowo Subianto said Monday that his administration had shut down 290 state-owned enterprises (SOEs) that he described as unprofitable or underperforming, claiming the ...</p>\n\n<a href=\"https://en.tempo.co/read/2118639/prabowo-says-indonesias-290-soe-closures-saved-rp50-trillion\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2360107671.USD","symbol_name":"BGF FINTECH \"A4\" (USD) INC","start_time":0,"source_url":"https://en.tempo.co/read/2118639/prabowo-says-indonesias-290-soe-closures-saved-rp50-trillion","article_id":"2663004812","we_media_id":null,"thumbnails":["https://statik.tempo.co/data/2026/08/13/id_1486127/1486127_720.jpg"],"rights":{"source":"tempo_highlight","url":"https://en.tempo.co/read/2118639/prabowo-says-indonesias-290-soe-closures-saved-rp50-trillion","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2663004812","pubTimestamp":1788173234,"columns":[],"sourceInfo":{"source_id":"tempo_highlight","name":"Tempo"},"weMediaInfo":null,"summary":"TEMPO.CO, Jakarta - President Prabowo Subianto said Monday that his administration had shut down 290 state-owned enterprises  that he described as unprofitable or underperforming, claiming the move had saved the government Rp50 trillion  in operating costs.“Within less than two years under my administration, we have shut down 290 SOEs that were unprofitable, underperforming and losing money,” Prabowo said in a speech at the closing of the 35th Nahdlatul Ulama  Congress in Jombang, East Java, on Monday, August 31, 2026.Prabowo said the government would continue its restructuring efforts, with at least 700 more SOEs expected to be shut down by the end of 2026.","collect":0,"end_time":0,"defaultTopTitle":"tempo.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0823046494.USD":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0531971322.HKD":"HSBC GIF BRAZIL EQUITY \"AD\" (HKD) INC","BK4207":"综合性银行","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0210535034.USD":"摩根大通拉丁美洲基金","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0106259046.USD":"施罗德拉丁美洲基金","LU0072463663.USD":"Blackrock Latin American A2 USD","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU0823046577.USD":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) INC","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU0196696701.USD":"HSBC GIF BRAZIL EQUITY \"AD\" (USD) INC","LU0265266980.USD":"法巴巴西股票基金","LU0265267285.USD":"BNP PARIBAS BRAZIL EQUITY \"C\" (USD) INC","LU0788109048.HKD":"BGF LATIN AMERICAN \"A2\" (HKDHGD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0086394185.USD":"SCHRODER ISF LATIN AMERICAN \"A\" (USD) INC AV","LU1861217088.USD":"贝莱德金融科技A2","NUG":"2倍做多NU ETF-Leverage Shares","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0053687314.USD":"JPM LATIN AMERICA EQUITY \"A\" INC","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1481012133.USD":"FIDELITY EMERGING MARKETS \"A\" (USDHDG) INC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0048575426.USD":"FIDELITY EMERGING MARKETS \"A\" INC","LU0261950470.USD":"FIDELITY EMERGING MARKETS \"A\" ACC","NU":"Nu Holdings Ltd.","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","BK4559":"巴菲特持仓","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0396314238.USD":"abrdn SICAV I - LATIN AMERICAN EQUITY \"A\" (USD) ACC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0050427557.USD":"富达拉丁美洲基金","LU0196696453.USD":"HSBC GIF BRAZIL EQUITY \"AC\" (USD) ACC"},"translate_title":"普拉博沃称印尼关闭290家国有企业节省了50万亿印尼盾","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NUG":0.6,"NU":1},"content_text":"TEMPO.CO, Jakarta - President Prabowo Subianto said Monday that his administration had shut down 290 state-owned enterprises (SOEs) that he described as unprofitable or underperforming, claiming the move had saved the government Rp50 trillion (US$2.9 billion) in operating costs.“Within less than two years under my administration, we have shut down 290 SOEs that were unprofitable, underperforming and losing money,” Prabowo said in a speech at the closing of the 35th Nahdlatul Ulama (NU) Congress in Jombang, East Java, on Monday, August 31, 2026.\nPrabowo said the government would continue its restructuring efforts, with at least 700 more SOEs expected to be shut down by the end of 2026.\n\n\n\n\n\n\n\n\n\n“That means there may only be around 250 SOEs left, perhaps 200 to 250,” he said.Prabowo said the move was part of the government's efforts to improve the efficiency of state-owned companies and reduce their routine operating expenses.Prabowo Targets Rp100 Trillion in SavingsPrabowo said the government expected further savings of up to Rp100 trillion from overhead and routine costs, including executive and commissioner salaries.“So, hopefully, we can save Rp100 trillion from overhead costs, routine expenses, directors’ salaries and commissioners’ salaries,” he said.He also claimed that the government had identified savings across various sectors totaling nearly Rp300 trillion annually.Prabowo said the government planned to redirect the funds toward programs benefiting the public.“This is the money that we are reallocating and channeling as much as possible to the people,” he said.Read: Prabowo: Political Coalition Necessary to Lead Large NationClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2663004812","isCrawlerRequest":true}