Indonesia Opens Up State Firms to Foreign Leadership
Indonesia has announced that foreigners are now allowed to lead the country's state-owned enterprises (SOEs), a move that could boost investor confidence.
"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 addressing problems such as inefficiency and political interference.
- Allowing foreigners to lead SOEs could bring in international best practices
- Longstanding issues such as bureaucratic inefficiency and political interference need to be tackled
Experts say that while this move is a step in the right direction, it is crucial to address the underlying problems that have hindered the performance of SOEs.
Author's summary: Indonesia allows foreigners to lead state firms.
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