Indonesian President Prabowo Subianto has revealed a plan to close as many as 800 state-owned enterprises (SOEs) deemed underperforming. The move signals a significant effort to restructure and streamline Indonesia’s vast network of government-controlled companies. Subianto’s administration believes consolidating these entities will improve efficiency and reduce financial burdens on the state. Details regarding the selection criteria for closure and the timeline for implementation remain forthcoming. The initiative is expected to impact thousands of employees currently working within these SOEs, raising concerns about potential job losses. This restructuring is part of a broader economic strategy aimed at boosting Indonesia’s competitiveness and attracting foreign investment. The government intends to focus resources on SOEs with strong growth potential and strategic importance.