Jakarta – A total of 290 state-owned enterprises (SOEs) have been shut down as part of the government’s efforts to transform and streamline state-owned companies. The government is targeting a reduction in the total number of SOEs to around 300 companies by the end of 2026.
Danantara CEO and Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani said the closures were carried out through several mechanisms, including divestment, mergers, liquidation, and vertical consolidation.
“As of today, we have reduced the number by around 290 companies that have been shut down through divestment, mergers, liquidation, vertical consolidation, and other measures,” Rosan said during a press conference on the 2027 State Budget and Financial Note at the Directorate General of Taxes headquarters in Jakarta on Friday (August 14, 2026).
According to Rosan, one form of consolidation involved asset management companies that were previously owned separately by individual state-owned banks and financial institutions. The consolidation was carried out to improve efficiency.
Consolidation has also been implemented in the hospital sector. In addition, the government has consolidated hotel companies, bringing a total of 137 hotels under a single group.
Rosan said the streamlining process was still ongoing. The government is targeting a total of approximately 300 SOEs by the end of the year.
He acknowledged that the process would not be easy. However, Rosan expressed confidence that the target could be achieved, as a leaner SOE structure is expected to create greater efficiency, increase productivity, and optimize state-owned assets.
“The target is that by the end of this year, we can reach approximately 300 SOEs in total,” Rosan said.
The policy is part of the government’s broader agenda to transform the management of SOEs by creating a more efficient and productive structure for state-owned companies.
