Defense Minister Prabowo Subianto announced a significant consolidation of Indonesia’s state-owned enterprises (BUMN). The restructuring, managed through the Nusantara Future Investment Authority (Danantara), has resulted in the elimination of 250 companies. This streamlining effort is projected to save the state Rp50 trillion (approximately $3.2 billion USD). The move is intended to improve efficiency and fiscal health within the Indonesian economy. Details regarding the specific companies affected and the consolidation process remain limited. Officials suggest further reforms are planned to optimize the performance of remaining state-owned assets. The consolidation aims to create a leaner and more competitive landscape for Indonesian BUMNs.