danantara is a manifestation of the government’s commitment to managing sustainable investment
Jakarta – The launch of the Daya Anagata Nusantara Investment Management Agency (Danantara) by Indonesian President Prabowo Subianto has received a wide welcome from various circles.
Inaugurated as an investment management institution with assets of more than US$900 billion or around Rp14,000 trillion, Danantara is seen as a major step in strengthening the national economy and realizing the vision of Golden Indonesia 2045.
The General Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin), Arsjad Rasjid, expressed his support for the visionary launch of Danantara.
“There are three main factors that make Danantara very prospective: large scale, professional management, and flexibility in establishing cooperation. This will strengthen Indonesia’s competitiveness at the global level,” he said.
Support was also expressed by the Executive Director of the Indonesian Defense and Intelligence Study Institute (IKAPII), Fauka Noor Farid, assessing that this step will improve the governance of BUMN which has had a number of leaks.
“If there are those who disagree and attack this program, they are those who are full of BUMN money. Because leaks in BUMN are suspected of being used for personal and group interests, that’s why they don’t like this policy,” said Fauka Noor Farid.
Meanwhile, Director of the PoliEco Digital Insights Institute (PEDAS), Anthony Leong, assessed that the formation of Danantara reflects the government’s commitment to reforming and improving BUMN performance with a modern management approach.
“This strategy is in line with the best practices that have been implemented by Temasek in Singapore, Malaysia with Khazanah. Meanwhile, in China, the management of non-financial sector BUMN is controlled by SASAC. This initiative will encourage sustainable economic growth,” explained Anthony.
From an academic perspective, senior economist from the Institute for Development of Economics and Finance (Indef), Didik J. Rachbini, sees Danantara’s great potential in increasing the efficiency of state asset management.
“If managed with good and transparent governance, Danantara can be a solution for more effective development investment and reduce inefficiency in national asset management,” he said.
In line with that, President Prabowo in his launching speech emphasized the importance of transparency and accountability in the management of Danantara.
“Danantara must be managed carefully, transparently, and can be audited at any time by anyone. This belongs to our children and grandchildren, to the next generation of the Indonesian nation,” he said.
The launch of Danantara was also attended by Vice President Gibran Rakabuming Raka and former Presidents Joko Widodo and Susilo Bambang Yudhoyono. The presence of these important figures shows a shared commitment to building an institution that is expected to be able to compete with similar institutions in developed countries.
With a legal basis that has been strengthened through the third amendment to Law Number 19 of 2003 concerning BUMN in early February 2025, Danantara is ready to carry out three main functions: as a sovereign wealth fund, manager of development investment, and manager of state assets.
Broad support from various groups is a positive signal for Indonesia in building a stronger and more competitive economy at the global level. //
