Observers Appreciate BPI Danantara, New Foundation for Strengthening Indonesia’s Economy

Jakarta – The Investment Management Agency (BPI) Daya Anagata Nusantara (Danantara) is expected to become the main instrument in encouraging investment and strengthening the national economy. With a direct mandate from the President, Danantara is tasked with managing State-Owned Enterprises (BUMN) assets worth 900 billion USD, which is expected to increase investor confidence in investing in Indonesia.

The Head of BPI Danantara, Rosan Roeslani, emphasized that Danantara is an agency that is strictly supervised because it involves various parties in its management. “Because later everyone will be involved, because we report directly to the President. There is no one whose report is higher than the accountability to the President,” said Rosan.

In addition, Rosan emphasized that transparency is the main principle in the management of Danantara. This is in line with the President’s direction for this institution to be open to various parties. “The President’s message is that we must always be open, and we are open like that,” he added.

With assets managed of 900 billion USD, Danantara not only invites investment into Indonesia, but also actively participates in joint investment with foreign partners. “Because we don’t just ask them to come to Indonesia, but we also invest together with them. So the term is we put skin off the game,” explained Rosan.

The step of establishing Danantara has also received appreciation from various groups. Economic Policy Analyst of the Indonesian Employers Association (Apindo), Ajib Hamdani, assessed Danantara as a strategic breakthrough in strengthening BUMN. “Danantara is a breakthrough step from President Prabowo to become a foundation for strengthening state-owned companies,” he said.

Furthermore, Ajib also hopes that Danantara can build mutually beneficial collaboration with the private sector. “Hopefully, Danantara can collaborate mutualistically with the private sector,” he added.

In line with Ajib, Senior Economist of the Institute for Development of Economics and Finance (INDEF), Tauhid Ahmad, sees Danantara as an accelerator of economic transformation towards the vision of Indonesia Emas 2045. “Of course it can be an accelerator (Indonesia Emas). That’s why it must be started immediately,” he said.

Tauhid also emphasized the importance of quality investment management in order to have a significant impact on state assets. “If the investment is good financially and economically, it will certainly contribute to the management of quite large state assets,” he explained.

With the presence of Danantara, Indonesia is expected to be able to increase investment competitiveness and accelerate economic growth. In addition to ensuring the optimization of BUMN assets, Danantara also plays a role in attracting global investors with a strong and transparent partnership scheme.

Through a joint investment mechanism, Danantara seeks to provide certainty and security for investors to invest their capital in Indonesia. With management that is strictly supervised and open, this agency is believed to be able to strengthen the fundamentals of the national economy and encourage the achievement of the vision of Indonesia Emas 2045. [-red]