Indonesia to shut over 750 state-owned enterprises: Prabowo

Indonesia will shut more than 750 state-owned enterprises (SOEs) and reduce the total number to no more than 300 by the end of 2026, President Prabowo Subianto said.This is done to both cut costs and to "eliminate these dishonest practices”, said Prabowo about inefficient SOEs which operate “as they please".He was speaking at the annual State of the Nation address on Friday (Aug 14) ahead of the country’s 81st Independence Day on Aug 17. #indonesia #indonesianews Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia