The Establishment of BPI Danantara Consolidates Economic Strength for National EqualityBy Gavin Asadit
The formation of the Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara) marks a strategic move by the Indonesian government to consolidate the nation’s economic strength. With the ratification of the State-Owned Enterprises (BUMN) Bill on February 4, 2025, BPI Danantara has officially been established with the primary goal of managing state investments and assets optimally. This agency is seen as a solution to maximizing the economic potential of the country and achieving national economic equality that directly benefits the people.
Minister of State-Owned Enterprises (BUMN), Erick Thohir, stated that the transformation of BUMN through the establishment of BPI Danantara is a strategic step toward realizing the shared vision of a prosperous Indonesia by 2045, in alignment with the collaboration between the government, BUMN, and all stakeholders. With an initial capital of at least IDR 1,000 trillion, derived from the consolidation of BUMN capital in 2023, which totaled IDR 1,135 trillion, BPI Danantara has a strong financial foundation to carry out its functions. This capital can be increased through state equity participation and other funding sources. With such a significant capital structure, BPI Danantara is expected to drive Indonesia’s competitiveness in the global economy.
Meanwhile, the organizational structure of BPI Danantara consists of the Supervisory Board and the Executive Board. The Supervisory Board is led by the Minister of BUMN and includes representatives from the Ministry of Finance and other officials appointed by the President. The Executive Board is headed by the Chief of BPI Danantara, supported by a Deputy Chief and six Executive Directors. On October 22, 2024, President Prabowo appointed Muliaman D. Hadad as the Head of BPI Danantara and Kaharuddin Djenod Daeng Manyambeang as the Deputy Head.
Muliaman D. Hadad, the Head of BPI Danantara, emphasized that the agency is committed to ensuring that every investment managed has a significant impact on Indonesia’s development, not just for the short term but also for long-term economic sustainability. Some of the primary tasks of BPI Danantara include managing dividend holdings, approving BUMN restructuring, forming new holdings, and overseeing the work plans and budgets of holding companies.
The formation of BPI Danantara is expected to be a driving force in achieving national economic equality. By consolidating state assets and investments, this agency has the potential to support infrastructure development, increase investments in underdeveloped regions, and promote inclusive economic growth. For example, with well-managed investments, BPI Danantara can support strategic projects in the energy, food, and technology sectors, which will have a direct impact on improving the welfare of the people. Furthermore, optimizing state assets through BPI Danantara can enhance the efficiency and productivity of BUMNs, thus increasing their contribution to the state’s revenue.
However, despite these promising opportunities, BPI Danantara also faces several challenges that need to be addressed. One of the main challenges is ensuring transparency and accountability in managing state assets and investments. Additionally, coordination with various stakeholders, including ministries, agencies, and BUMNs, is key to the operational success of the agency. Therefore, stringent oversight and the implementation of good governance principles must be a top priority to ensure that BPI Danantara functions optimally in line with the expectations of the public and government.
Presenter and influencer Deddy Corbuzier, who also serves as Special Staff to the Minister of Defense for Social Communication and Public Relations, expressed strong support for such initiatives by the government to help Indonesia advance and prosper. As a public figure with millions of followers, Deddy’s views reflect the public’s hope for positive changes in the management of state wealth. Support from various sectors, including public figures and influencers, is expected to increase public participation in backing this strategic move.
With the establishment of BPI Danantara, the Indonesian government is optimistic that it can optimize the management of state wealth to achieve the vision of Indonesia Emas (Golden Indonesia) by 2045. The synergy between the government, BUMN, and all stakeholders is crucial in realizing economic equality that is just and sustainable. The government deserves recognition for taking progressive steps in building a more structured and transparent investment management system.
This bold economic reform demonstrates a strong commitment to creating welfare for all Indonesians. Full support from the public is essential to ensure that BPI Danantara becomes a strategic instrument in fostering more equitable economic growth across Indonesia.
The Indonesian government deserves appreciation for its visionary move in establishing BPI Danantara, a strategic initiative that will be a great force in realizing economic equality across the country. The presence of BPI Danantara reflects the government’s commitment to creating an inclusive economic system, where every region, whether urban or rural, has an equal opportunity to grow.
This step is not just an administrative policy but a breakthrough that demonstrates progressive leadership in addressing economic inequality. With BPI Danantara, the government is providing a significant boost to the business sector, investment, and infrastructure development that is evenly distributed, allowing areas that have previously received less attention to develop alongside the nation’s primary economic centers.
The author is a social and community issues observer.
