Indonesia Opens State Firms to Foreign Leadership
Indonesia has announced that foreigners can now lead state-owned enterprises (SOEs), a move that could boost investor confidence and bring in international best practices.
"I have changed the regulations. Expatriates and non-Indonesians can now lead our SOEs,"
said President Prabowo Subianto at the Forbes Global CEO Conference in Jakarta. However, experts note that the core issue isn't the passport, but rather tackling problems such as inefficiency and political interference.
- Allowing foreigners to lead SOEs could boost investor confidence
- International best practices could be adopted
- Longstanding issues such as bureaucratic inefficiency and political interference need to be addressed
Experts say that while this move is a step in the right direction, it is crucial to tackle the underlying issues that have been hindering the performance of SOEs.
Author's summary: Indonesia allows foreigners to lead state firms to boost investor confidence.