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Indonesia to cut number of state enterprises in five years
State Minister of State Enterprises Sugiarto expects to "shrink" the country's portfolio of state-owned businesses by about half in the next four to five years. The portfolio includes 158 companies with total assets of $150 billion, he said. They generate $50 billion in revenue and have profit of between $3.5 billion and $4 billion. These companies will be reduced to between 70 and 85, he said.
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