…How many of those politicians and so-called businessmen who bought off previously state-owned enterprises have been able to turn them around and add value to them, let alone build new large-scale ventures from the start? The point is not to fantasize a single individual, but to hold them up as a model of true capitalis…

The Indonesian government will close more than 750 state-owned enterprises by year’s end, President Prabowo Subianto said Friday, mulling the possibility of a special court to investigate “unproductive” boards. “There are far too many unproductive state-owned enterprises, always reporting losses while claiming profits…

…2023, while the other focused on the sale and lease of government assets, markets, and state-owned enterprises during the same period. However, reacting to the report, Ortom insisted that the entire exercise lacked legal validity because the constitution of the investigative panels had already been challenged in court.…