double-skinned crabsVietnamese crab exportergood crabexellent crab

Expert Says Prabowo Likely to Replace Underperforming SOE Bosses

Hendro D Situmorang
October 25, 2024 | 3:50 pm
SHARE
President Prabowo Subianto shakes hands with State-Owned Enterprise Minister Erick Thohir shortly after inaugurating the latter at the State Palace in Jakarta on Oct. 21, 2024. (Antara Photo/Sigid Kurniawan)
President Prabowo Subianto shakes hands with State-Owned Enterprise Minister Erick Thohir shortly after inaugurating the latter at the State Palace in Jakarta on Oct. 21, 2024. (Antara Photo/Sigid Kurniawan)

Jakarta. An analyst said Friday that President Prabowo Subianto would keep an eye on the bosses of Indonesian state-owned enterprises (SOEs), and would not think twice about replacing the underperformers. 

Gerindra Party senior official Hashim Djojohadikusumo claimed that Prabowo would evaluate the performance of his cabinet members six months after being inaugurated, indicating that the former army general would kick anyone whom he considers inefficient, underperforming, or corrupt sometime around March or April.

Following Hashim’s claims, political analyst D Nicky Fahrizal said that this would likely apply to the directors of SOEs as well. This performance-based SOE boss reshuffle is even more likely, given Prabowo’s leadership style of making sure the executive functions are more effective. 

“So I doubt Prabowo will just evaluate the ministers and deputy ministers. I’m pretty sure he will do the same to the SOE’s board of directors,” Nicky, an expert at the think-tank CSIS, told Beritasatu.com in Jakarta on Friday.

ADVERTISEMENT

Prabowo will likely instruct SOE Minister Erick Thohir to make the reshuffles in these state-owned businesses. Nicky added: “Prabowo might even fire the SOE minister if the latter does not get tough on the SOE boards.”

Just earlier this week, Prabowo inaugurated the Red and White Cabinet which comprised over 100 ministers and deputy ministers. Prabowo’s predecessor Joko “Jokowi” Widodo picked seasoned businessman Erick as his SOE minister in 2019. Erick got to keep his ministerial post under Prabowo.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


News Oct 23, 2026 | 11:52 am

Dino Patti Djalal Says Indonesia’s Government Remains Reactive, Not Preventive

Dino P. Djalal says Indonesia’s government remains reactive rather than preventive, citing gaps in risk management and crisis preparedness.
News Oct 22, 2026 | 10:15 pm

Prabowo-Gibran Government Wins 63.1% Public Trust in Voxpol Survey

Voxpol’s survey finds 63.1% of Indonesians trust Prabowo-Gibran, while 61.1% believe the government can solve the country’s problems.
Business Oct 22, 2026 | 9:08 pm

Prabowo Threatens to Revoke Mining Permits Inactive for Two Years

Prabowo vows to revoke mining permits inactive for over two years, citing nearly $300 billion in proven reserves across five concessions.
News Oct 22, 2026 | 4:50 pm

Prabowo Launches Council to Improve Financial Welfare of Indonesian Families

Prabowo launches a new council to shift Indonesia's financial inclusion agenda toward improving household welfare and resilience.
News Oct 22, 2026 | 4:22 pm

Prabowo Vows Action Against Foreign Companies Linked to Forest Fires

Prabowo vows tougher action against foreign firms implicated in forest fires, warning that repeat offenders could lose their permits.
Business Oct 22, 2026 | 4:09 pm

Jakarta Stocks Jump 1.12% as Investors Assess Prabowo’s MSCI Remarks

Indonesian stocks rose 1.12% as investors assessed Prabowo’s MSCI remarks and Bank Indonesia’s decision to hold its benchmark rate.
Business Oct 22, 2026 | 1:33 pm

Indonesia Must Fix Market Transparency, Not Fight MSCI, Analyst Says

Indonesia should address market transparency concerns raised by MSCI instead of treating the global index provider as an adversary.
News Oct 21, 2026 | 5:35 pm

Prabowo Rejects Criticism of Oversized Cabinet

Prabowo defends his 53-member cabinet, saying a broad political coalition is vital to governing Indonesia and improving public welfare.
Business Oct 21, 2026 | 1:26 pm

Only 12% of Red and White Village Cooperatives Operational After Two Years

Fewer than 12% of Indonesia’s 83,000 legally established Red and White Village Cooperatives have operational businesses, an expert says.
News Oct 20, 2026 | 4:32 pm

Prabowo Summons Economic Team Amid Market Volatility

Prabowo meets senior economic officials as the JCI rebounds 4.16% and the rupiah strengthens to Rp 17,992 per dollar.

The Latest


Lifestyle 9 hours ago

Ye Concert, Other Events to Draw 130,000 to GBK, Here’s What to Know

Around 130,000 visitors are expected at Jakarta’s GBK on Saturday as Ye’s concert and several major events take place.
Business 9 hours ago

Indonesia Allocates Rp 722 Billion for Year-End Flight Ticket Tax Relief

Indonesia allocates Rp 722 billion to cover domestic flight ticket VAT during the 2026/2027 Christmas and New Year holidays.
Business 11 hours ago

Greece Floats Shipbuilding Partnership with Indonesia

Greece says that it possesses “extensive expertise” as it woos Indonesia in shipbuilding partnership.
Business 13 hours ago

Indonesian Stocks Rally 4.9%, but Foreign Investors Keep Selling

Indonesia’s JCI rose 4.9% last week, but foreign selling and MSCI downgrade risks continue to cloud the market outlook.
Lifestyle Oct 23, 2026 | 9:35 pm

Ye Concert in Jakarta to Deploy 2,000 Security Personnel

More than 2,000 personnel will secure Ye’s Jakarta concert on Saturday, as organizers urge fans to use public transport.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED