Two-and-a-half years in office the outgoing state-owned enterprises minister Sugiharto scored only one ‘privatization’ decision, the divestment of 5% shares of PGN late last year despite his repeated statements to bring 10, 15 or 20 SOEs into capital market. His successor Sofyan Djalil has boasted plans to have all SOEs listed in the stock market. Even before his appointment was confirmed, analysts believed that Sofyan would drive the privatization program into fast lane.
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