By: Andi Mahesa )*
Amidst the increasingly complex and competitive global economic challenges, Indonesia has taken a progressive step through the establishment of Daya Anagata Nusantara (Danantara), a strategic entity designed to strengthen the role of State-Owned Enterprises (BUMN) in realizing more efficient, transparent, and highly competitive economic governance. The presence of Danantara is a manifestation of the government’s commitment to bringing BUMN up a class from being just a national business entity to an economic pillar with global standards.
As conveyed by the Deputy Minister of BUMN, Aminuddin Ma’ruf, Danantara is not just a new company, but an entity that reflects a new chapter in Indonesia’s economic civilization. Designed as a catalyst for transformation, Danantara has a big mission: to make BUMN more visible, efficient, accountable, and able to compete at the national and international levels. This is in line with the aspiration to form a BUMN that is not only profit-oriented, but also able to contribute greatly to strengthening the national economy in the long term.
Danantara is present with a structured approach in managing BUMN strategic assets and investments. In an economic landscape that demands rapid adaptation and data-based decision-making and risk, an entity like Danantara is an urgent need. The government, through the Ministry of SOEs, projects Danantara as the main working partner that will work behind the scenes to ensure that SOEs operate within the framework of efficiency and global competitiveness.
Finance Minister Sri Mulyani emphasized that Danantara has an important role in maintaining national economic sovereignty and resilience. In facing a dynamic and uncertain global situation, an asset optimization strategy is very important. Danantara will be tasked with managing SOE assets in a more coordinated and productive manner, as well as making investments that are not only financially profitable, but also provide a sustainable positive impact on society and the environment. This role is very relevant in the context of the green economic transformation and sustainable development that are national and global agendas.
This approach places Danantara in a unique position, not only as an investor or asset manager, but as an orchestrator of SOE synergy. In a SOE ecosystem that is so large and complex with more than 100 business entities spread across various sectors, Danantara’s coordinating role is very strategic. It will fill the gap in the integration of investment policies, business restructuring, to dividend and capital management which have often been carried out partially.
Meanwhile, according to INDEF’s senior economist, Aviliani, Danantara has the capability to become the backbone of BUMN’s structural reform. With greater authority in managing investments and dividends, as well as the ability to restructure, Danantara can become a driving force for efficiency and focus on achieving long-term economic goals. Integrated asset management will not only strengthen the BUMN’s capital structure, but also increase the ability to expand business and penetrate the global market.
These functions ultimately aim to make BUMN a major player that not only serves domestic needs, but is also able to compete internationally. This effort is in line with the vision of Indonesia Emas 2045, where BUMN is expected to be the spearhead in accelerating industrialization, digital transformation, and green energy transition.
In addition, Danantara will also encourage more professional and transparent governance, two values that are very important in building public and investor trust. With management based on the principles of good corporate governance, Danantara is expected to be an example for other entities in the BUMN ecosystem, while strengthening the attractiveness of foreign investment which is currently a national priority.
The government’s move to form Danantara is also a reflection of the courage to make a big leap in BUMN reform. This is a visionary step, but also realistic, because it is based on actual needs and long-term challenges. This transformation marks a new era for BUMN as a development agent that is not only required to generate dividends for the state, but also to create added value and bring positive impacts to the wider community.
Now, Danantara is not just an ordinary business entity. It is a symbol of the nation’s determination to make BUMN a world-class economic instrument that makes a real contribution to the welfare of the people. The presence of Danantara brings new hope to the Indonesian economy. In the future, with proper and integrated management, Danantara will be the main driver of economic growth.ng inclusive and sustainable, and help Indonesia achieve its status as the country with the largest and most advanced economy in Asia.
The government has provided clear direction and policies in the establishment of this institution, but support from all levels of society is also very much needed to ensure the success of Danantara as a new force in the Indonesian economy. Therefore, the community should support the presence of Danantara as part of the government’s major efforts to strengthen the performance of BUMN. This support is not only in the form of appreciation, but also active participation in overseeing and supervising its performance so that it remains on an accountable and professional track. With strong public support, Danantara will have important social legitimacy in carrying out its strategic mandate.
)* The author is a student living in Jakarta.