After being enacted on Feb. 24, 2025, Law No. 1/2025 on State-Owned Enterprises (UU BUMN 2025) paved the way for structural and functional reform of BUMNs. The goals are clear: to strengthen professionalism, reduce political intervention, and make BUMN a catalyst for national economic development. However, as with all major legal reforms, the revised text is not the end but rather the beginning of the real big work. Naturally, the public and stakeholders’ attention is focused on the implementation of the legal provisions. And this is where various challenges and “homework” begin to appear. To subscribe please click here
