President Joko “Jokowi” Widodo has instructed State-Owned Enterprises (SOEs) to sell or merge any subsidiaries which is not in line with core concerns of its parent business. Currently, there are 118 SOEs with more than 800 subsidiaries. In a meeting of the Indonesian Chamber of Commerce and Industry Coordination (Kadin) on Tuesday (Oct 3), Jokowi told entrepreneurs this issue has been worked on in recent plenary meetings.
