The Indonesian government is preparing a presidential regulation to facilitate the transfer of shares in PT Pilar Sinergi BUMN Indonesia, the parent company of ride-hailing app Whoosh, to the Ministry of Finance. This move aims to streamline state asset management and potentially facilitate further investment in the digital transportation sector. Currently, the shares are held by state-owned enterprises. The decree will detail the mechanics of the transfer, ensuring compliance with legal frameworks. Officials anticipate the regulation will be finalized shortly, completing the process initiated to consolidate the government’s holdings. This restructuring seeks to optimize the financial performance and strategic direction of Whoosh within the broader Indonesian economic landscape. The Ministry of Finance will then oversee Whoosh’s future development and expansion plans.