Will attempts to reform Indonesian State Owned Enterprises bring prosperity to the people?

烏克蘭局勢未明，市場表現低迷。 Source: Image by dump9x/Creative Commons.

The Indonesian Minister for State Owned Enterprises (BUMNs) wants to reform them. He is urging BUMNs to ‘consolidate’ and is encouraging them to open up to private investors. It is hoped these measures will make them more efficient and transparent. But what are the real challenges for reform?

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Denny Irawan is completing his PhD in Economics at the Ardnt-Corden Department of Economics (ACDE) and the Centre for Applied Macroeconomic Analysis (CAMA) at the ANU’s Crawford School of Public Policy.  He explains to Sri Dean the evolution of BUMNs in Indonesia and what realistic expectations we should have for them.

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The BUMN Telkom Indonesia recently raised eyebrows when it appointed ‘rocker’ and Jokowi’s supporter Abdee Slank to its board. Are BUMNs fairly accountable? Source: Image by jazzuality.com/Creative Commons.