Jakarta (ANTARA) – Danantara Chief Operating Officer Dony Oskaria stated that as of April 28, a total of 167 state-owned enterprises (SOEs) have been liquidated over the past year as part of efforts to optimize the SOE sector.“Up to today, around 167 companies have been liquidated,” he said during the Jakarta Globe Insight event in Jakarta on Tuesday.He emphasized the government’s commitment to a comprehensive transformation and restructuring program aimed at reducing the number of SOE-linked companies from 1,077 to around 200–300 entities.Oskaria, who also heads the SOE regulatory body Ministry of State-Owned Enterprises Indonesia, said the streamlining process is targeted for completion in 2026, in line with President Prabowo Subianto’s directive.In addition to liquidation, three other optimization strategies are being implemented: divestment, consolidation, and restructuring.Liquidation is applied to companies whose debt burdens significantly exceed their assets and which lack market competitiveness.Divestment targets smaller firms operating outside core business areas, such as travel agencies owned by energy SOEs. Another key step is consolidation or mergers based on industry sectors, including logistics, hospitals, and hospitality, to achieve greater economies of scale.“Asset management entities will be integrated, hotels will be consolidated, and postal and logistics services will also be unified,” he said.Danantara is also targeting consolidation in the securities and insurance sectors as part of its efficiency drive. Beyond restructuring, Oskaria highlighted a fundamental shift in the inter-SOE relationship paradigm, with the term “SOE synergy” now replaced by a binding operational obligation.This move aligns with Danantara’s role as a sovereign wealth fund management institution, which aims to consolidate state assets into a more strategic and globally competitive structure.