President Prabowo Subianto’s focus on reforming Indonesia’s state-owned enterprises (SOEs) was reiterated during a keynote speech at the Apkasi Otonomi Expo 2025 at ICE BSD in Tangerang. One of the key points highlighted by Prabowo was the elimination of bonuses, also known as tantiem, for SOE commissioners. He emphasized the mismanagement and dispersal of SOE assets over the years, with Indonesia now making a global impact by consolidating these assets under Danantara. This move has propelled Indonesia’s sovereign fund to rank fifth globally, following countries like Norway, China, and Abu Dhabi. Despite this progress, Prabowo criticized the practice of awarding bonuses to SOE commissioners, particularly during times of company losses, deeming it unfair. He underlined the importance of eliminating these bonuses as part of a broader reform agenda to uphold integrity and professionalism within state-owned enterprises. Prabowo firmly stated that those who resist these reforms will not be welcomed, as there are many talented young individuals ready to step up and take on the responsibilities.
Prabowo Stops SOE Commissioner Bonuses: What It Means
