Jakarta – The State Investment Management Agency, Badan Pengelola Investasi Daya Anagata Nusantara (Danantara), as the entity tasked with managing the state’s investment portfolio professionally, has reaffirmed its commitment to accelerating the formation of a state-owned enterprise (SOE) holding. This investment holding formation is mandated by Law Number 1 of 2025 on SOEs, which regulates a new structure for managing state assets through two main entities under Danantara: an investment holding and an operational holding.
According to Article 3A of the SOE Law, authority over both holdings lies with the Minister of SOEs as the holder of Series A Dwiwarna shares, and Danantara as the holder of Series B shares.
Meanwhile, Article 3AB states that the investment holding must take the form of a limited liability company, with a strategic mandate to manage state investments, optimize assets, and carry out government-assigned tasks.
“They’ve already been appointed, the SOEs exist. We will announce them to the public soon. This year, for sure,” said Danantara Chief Investment Officer (CIO), Pandu Sjahrir.
This strategic move is seen as a key element in boosting national investment acceleration and enhancing the efficiency of state asset management.
The formation of the holding is not merely an administrative merger of state-owned companies under one umbrella. More importantly, it represents a structural transformation aimed at consolidating the state’s business power to become more focused, strategic, and capable of generating significant added value for the national economy.
Through this holding structure, various SOEs with similar lines of business or aligned strategic objectives will be grouped into a single entity. This allows for more integrated decision-making and asset management.
Danantara believes that the speed of forming and operationalizing the holding will be crucial in enhancing investment appeal. With a lean and efficient holding structure, investors will find it easier to assess SOE business potential while minimizing risks stemming from fragmented ownership structures and governance, which have long been barriers.
Earlier, Chairman of the House of Representatives’ Commission XI, Mukhamad Misbakhun, stated that the related SOEs had begun assuming new roles in the investment sector as part of institutional restructuring. This structure is also projected to serve as the foundation for more professional and strategic long-term investment governance.
“The government, through Danantara, is targeting greater efficiency, transparency, and value creation from state assets through the establishment of this holding,” said Misbakhun.
The policy to accelerate the holding’s formation also aligns with the direction of national development, which emphasizes the role of investment in creating inclusive and sustainable growth. Strong and well-directed investments form the foundation for job creation, increased domestic production capacity, and the strengthening of national economic resilience in facing global dynamics.
