Jakarta, Indonesia Sentinel — President Prabowo Subianto is set to launch the state-owned superholding entity, the National Investment Management Agency, known as BPI Danantara (Badan Pengelola Investasi Daya Anagata Nusantara), on Monday, February 24, 2025. The event is scheduled to take place in the central courtyard of the Presidential Palace in Jakarta.
The agency is expected to serve as a key driver of Indonesia’s economic growth, managing assets worth up to $900 billion (approximately Rp14,715 trillion).
Prabowo stated that Danantara is part of an asset consolidation strategy aimed at enhancing and optimizing state wealth through strategic investments. He emphasized that Danantara would leverage state-owned enterprises (BUMN) to maximize economic potential.
“Our efforts to optimize BUMN management through consolidation into a national investment fund will be officially launched on February 24. Danantara represents the consolidation of our economic strength, bringing BUMN under a single management umbrella,” Prabowo said at the State Palace on Monday, February 17, 2025, as reported by CNN Indonesia.
According to Prabowo, Danantara will oversee a managed capital fund of $900 billion, with an initial funding of approximately $20 billion.
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BPI Danantara aims to become a leading investment management institution, fostering globally competitive corporations. Its mission is to support inclusive and sustainable national development while positioning Indonesia among the world’s major economic powers.
The Strategic Role of Danantara
Danantara was officially established following the Indonesian Parliament’s (DPR) plenary session on Tuesday, February 4, which passed the State-Owned Enterprises (BUMN) Bill into law. The agency plays a central role in consolidating the management of BUMN while optimizing dividends and investments.
Speaking at the World Government Summit in Dubai on Thursday, February 13, Prabowo highlighted Danantara’s plans to invest state-owned resources and assets into sustainable projects. These include renewable energy, advanced manufacturing, downstream industries, and food production.
The government aims for these investments to contribute 8% to Indonesia’s economic growth.
Danantara’s Duties and Authority
Under Article 3E, paragraph (1) of the State-Owned Enterprises (BUMN) Law, Danantara is tasked with overseeing BUMN, with several key mandates:
- Managing dividends from investment holdings, operational holdings, and BUMN.
- Approving capital increases or reductions in State-Owned Enterprises sourced from dividend management.
- Authorizing BUMN restructuring, including mergers, acquisitions, and spin-offs.
- Establishing investment holdings, operational holdings, and new State-Owned Enterprises (BUMN).
- Approving the write-off of BUMN assets.
- Consulting the Work Plan and Budget (RKA) for investment and operational holdings with the Indonesian Parliament (DPR RI).
BUMN Under Danantara
As an initial step, seven strategic state-owned enterprises (BUMN) will be placed under Danantara’s management:
- PT Pertamina (Persero)
- PT PLN (Persero)
- PT Bank Rakyat Indonesia (Persero) Tbk
- PT Bank Negara Indonesia (Persero) Tbk
- PT Bank Mandiri (Persero) Tbk
- PT Telkom Indonesia (Persero) Tbk
- MIND ID (Mining Industry Indonesia)
The launch of Danantara is expected to significantly strengthen Indonesia’s economic resilience, enhance investment competitiveness, and accelerate national development.
(Raidi/Agung)
