Indonesia Allows Foreigners to Lead State Firms
Indonesia's move to permit foreigners to fill top positions in state-owned enterprises (SOEs) may boost investor confidence and introduce international best practices.
"I have changed the regulations. Expatriates and non-Indonesians can now lead our SOEs,"
stated President Prabowo Subianto at the Forbes Global CEO Conference in Jakarta. However, experts emphasize that core issues like inefficiency and political interference must still be addressed.
- Inefficiency in bureaucracy
- Political interference
Experts believe that tackling these problems is essential to truly benefit from the new policy. Author's summary: Indonesia opens state firms to foreign leaders.