Indonesia launches BPI Danantara to manage state-owned enterprises and target 8% economic growth.
Indonesia has set up a new agency, BPI Danantara, to manage state-owned enterprises (SOEs) and boost economic growth. The agency aims to improve investment efficiency and operational performance of SOEs by optimizing dividends. It will manage SOEs directly or with third parties and promote inclusivity in hiring. The move is part of efforts to achieve an 8% economic growth target, though global economic instability poses challenges.
2 months ago
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