Prabowo Halts SOE Commissioner Bonuses: People’s Impact

President Prabowo Subianto has expressed his dedication to reforming Indonesia’s state-owned enterprises (SOEs) by discontinuing the practice of providing bonuses, also known as tantiem, to SOE commissioners. He emphasized this stance during his keynote address at the Apkasi Otonomi Expo 2025 at ICE BSD in Tangerang. Prabowo highlighted the mismanagement and dispersion of many SOE assets over the years. With the consolidation of these assets under Danantara, Indonesia has now established a strong global financial presence, ranking fifth in sovereign funds worldwide, following Norway, China, and Abu Dhabi. However, Prabowo criticized the practice of granting bonuses to SOE commissioners, particularly during periods of company losses, deeming it fundamentally unjust. He emphasized the crucial step of eliminating these bonuses as part of a larger reform agenda aimed at fostering integrity and professionalism within state-owned enterprises. Prabowo unequivocally stated that those who oppose these reforms will not be favored, as there are numerous young individuals prepared to undertake the responsibility.

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