Author: Mohamad Ikhsan, Lovina Aisha Malika Putri, I Gede Sthitaprajna Virananda3 and Adhi Nugroho Saputro Executive Summary Contrary to popular perception, the role of state-owned enterprises (SOEs) in Indonesia’s economy is relatively limited. Between 2010 and 2022, SOEs contributed only 6–8% to nominal GDP annually, with considerable variation across sectors. By 2022, the ten largest […]