Indonesia's minister of state owned enterprises moves to clean up the key sector

Erick Thohir decided to close scores of subsidiaries of state owned companies and expand hiring of well-regarded managers to boost governance. PHOTO: EPA-EFE
New: Gift this subscriber-only story to your friends and family

JAKARTA - It's not business as usual for Indonesia's minister of state owned enterprises, Erick Thohir.

He has decided to close scores of subsidiaries of state owned companies and expand hiring of well-regarded managers to boost governance after a series of scandals undermined confidence in a sector worth a quarter of the country's economy.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.