Foreigners Now Allowed to Lead Indonesia's State Firms
Indonesia's move to allow foreigners to lead state-owned enterprises (SOEs) could boost investor confidence, say experts.
The adoption of international best practices is also expected, but longstanding issues such as bureaucratic inefficiency and political interference must be tackled.
"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.
- Experts note that the core issue isn't the passport, but rather addressing problems like inefficiency and political interference.
Author's summary: Indonesia allows foreigners to lead state firms to boost investor confidence.
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