Singapore, Dec. 9 -- Indonesia's State-Owned Enterprises Ministry is looking to streamline operations, with the objective of slashing bureaucratic red tape and restructuring strategic state-owned companies.
High on newly appointed State-Owned Enterprises Minister Erick Thohir's to-do list are plans to restructure the debts of Krakatau Steel, which has become bogged down by an inefficient newly built steel processing plant; insurance firm Jiwasraya, which is accused of mis-investing clients' premiums; and airline Garuda Indonesia, which is struggling to resolve problems in collecting payments.
In addition, several construction companies that have been financially stretched by government diktat to build physical infrastructure - from toll...