Prabowo Halts SOE Commissioner Bonuses: People’s Impact

President Prabowo Subianto has reaffirmed his dedication to reforming Indonesia’s state-owned enterprises (SOEs) by abolishing the practice of awarding bonuses, also known as tantiem, to SOE commissioners. He highlighted this commitment in a keynote address at the Apkasi Otonomi Expo 2025 held at ICE BSD in Tangerang. Prabowo pointed out the mismanagement and dispersion of SOE assets over the years. Through the consolidation of these assets under Danantara, Indonesia has made a significant mark in global finance, ranking fifth worldwide in sovereign funds, trailing behind Norway, China, and Abu Dhabi. Nonetheless, Prabowo criticized the practice of granting bonuses to SOE commissioners, especially in times of company losses, deeming it inherently unjust. He emphasized the necessity of removing these bonuses as part of a broader reform agenda aimed at fostering integrity and professionalism within state-owned enterprises. Prabowo emphasized that individuals opposing these reforms would not be supported, as there are many young talents eager to shoulder the responsibility.

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