Foreigners Now Allowed to Lead Indonesia's State Firms
Indonesia's move to allow foreigners to fill top positions in state-owned enterprises (SOEs) could boost investor confidence and the adoption of international best practices.
Experts say that while this move is a step forward, the country still needs to tackle longstanding issues such as bureaucratic inefficiency and political interference.
"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 on Oct 15.
Experts note that the core issue isn't the passport, but rather addressing problems such as inefficiency and political interference.
This move could potentially boost investor confidence, but it is crucial to address the underlying issues to ensure the success of SOEs.
Author's summary: Indonesia allows foreigners to lead state firms.More News
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