President Prabowo Subianto has made reforming Indonesia’s state-owned enterprises a priority. Can a new regulator work with sovereign wealth fund Danantara to make it happen? JAKARTA: On paper, the Indonesian state-owned company that Arif works for has enormous potential: A vast market in a country of 280 million people, decades of expertise and easy access to government funding.  In reality, Arif said his employer has been bleeding money, weighed down by mounting debt, lawsuits, and corruption