Jakarta, April 28 -- Danantara Chief Operating Officer Dony Oskaria stated that as of April 28, a total of 167 state-owned enterprises (SOEs) have been liquidated over the past year as part of efforts to optimize the SOE sector.

"Up to today, around 167 companies have been liquidated," he said during the Jakarta Globe Insight event in Jakarta on Tuesday.

He emphasized the government's commitment to a comprehensive transformation and restructuring program aimed at reducing the number of SOE-linked companies from 1,077 to around 200-300 entities.

Oskaria, who also heads the SOE regulatory body Ministry of State-Owned Enterprises Indonesia, said the streamlining process is targeted for completion in 2026, in line with President Prabowo Su...