Danantara Able to Develop Indonesian Assets up to 6-Fold

JAKARTA — The Daya Anagata Nusantara Investment Management Agency (Danantara) has the potential to develop Indonesian assets up to six-fold if managed professionally.

Chairman of the National Economic Council (DEN) Luhut Binsar Pandjaitan emphasized the importance of good management, considering the large funds that will be managed by the agency.

“Danantara’s management must truly be professional people,” said Luhut.

He explained that if managed professionally and supported by sustainable investment in various sectors, assets managed by Danantara can grow rapidly.

Luhut also highlighted the importance of transparency in the management of state-owned companies that are members of Danantara.

“And they also have the authority for joint ventures. So the management of these state-owned companies must be transparent. This is another very good step by incorporating international management standards,” he said.

Public policy observer from the National University (Unas) Ansori Baharudin Syah stated that Danantara is a strategic step in managing state assets.

“The formation and presence of Danantara is a good effort to manage state assets that have been in BUMN to be more effective, focused, and increase their investment level,” he said.

According to him, Danantara can be an engine of Indonesia’s economic strength by optimizing BUMN assets to be more valuable.

“Then in the end the profit will be felt again by BUMNs that are members of Danantara because their assets are more valuable and there is an increase compared to when they were managed independently,” he added.

President Prabowo Subianto emphasized that Danantara is a consolidation of all economic strength managed by BUMN.

“Optimizing the management of our BUMN through consolidation into a national investment fund agency that we will launch on February 24, namely Danantara,” said Prabowo.

With a target of managing assets of up to USD 900 billion or equivalent to IDR 14 thousand trillion, Danantara is expected to attract global investment and optimize Indonesia’s natural resources.

“Danantara is economic strength, investment funds which are energy, the strength of Indonesia’s future, the country’s wealth, managed, saved for our children and grandchildren,” he said. (*)