2 hours ago
8
February 24, 2025 | 12:32 pm
TEMPO.CO, Jakarta - Indonesia President Prabowo Subianto said that Daya Anagata Nusantara Investment Board or BPI Danantara is not only an investment fund management institution, but also a national development instrument.
Prabowo officially launched Danantara this morning, Monday, February 24, 2025.
"Don't get it wrong. What we are launching today is not just an investment fund, but a national development tool that must be able to change the way state wealth is managed for the welfare of all the people of Indonesia," said Prabowo in a speech at the inauguration of Danantara, which was monitored through the YouTube broadcast of the Presidential Secretariat on Monday morning, 24 February, 2025.
The Head of State claimed that the government has successfully managed the nation's wealth with strict financial discipline and responsibility in the first 100 days of his leadership.
"We have secured more than Rp300 trillion, almost US$20 billion, in the form of state savings," he said. "Funds that were previously hindered by inefficiency, corruption, and inappropriate spending."
He added that the funds will be managed by Danantara and invested in over 20 national projects, focusing on industrialization and downstream initiatives.
"High-impact projects that will create significant added value for the nation, create real benefits, quality jobs, and long-term prosperity for the people of Indonesia," he said. "We no longer want to sell natural resources cheaply, we do not want to be a source of raw materials for other nations."
On Monday, February 24, 2025, Prabowo officially launched BPI Danantara. He signed Presidential Decree Number 30 of 2025, which appoints the Supervisory Board and Implementing Agency for the Danantara Indonesia Investment Management Agency.
Additionally, Prabowo ratified Law Number 1 of 2025, the Third Amendment to Law Number 19 of 2003 on State-Owned Enterprises, and Government Regulation Number 10 of 2025, which outlines the organization and governance of BPI Danantara.
Hendrik Yaputra contributed to the writing of this article.
Editor's Choice: Danantara Will Be Advised by Religious Organizations, Palace Says
Click here to get the latest news updates from Tempo on Google News
Danantara Will Be Advised by Religious Organizations, Palace Says
18 menit lalu
The Presidential Palace says that religious organizations will be involved and become advisors to Danantara.
Here's the List of 7 State-Owned Enterprises to Join Danantara
48 menit lalu
Here is a brief profile of the seven state-owned enterprises (SOEs) which assets are expected to be managed by Danantara.
Prabowo's Danantara: The Purpose and Function
1 jam lalu
Danantara was formed as a commitment by Indonesian President Prabowo to optimize state investment management.
Danantara Officially Launched, Analysts Highlight Importance of Transparency
1 jam lalu
Analysts emphasized that transparency and accountable governance will be key to Danantara's success.
Prabowo Signs Presidential Decree of Danantara Advisory Board and Management
1 jam lalu
President Prabowo Subianto has signed the presidential decree regarding the structure of the Advisory Board and management of Danantara funds.
Indonesia's Danantara Might Meet the Same Fate as Malaysia's 1MDB; What is 1MDB?
3 jam lalu
Some equate Indonesia's sovereign wealth fund Danantara with major financial scandals such as the case of 1Malaysia Development Berhad or 1MDB.
Danantara to be Launched Today: Investment in State Assets, Targeting US$900 Billion
5 jam lalu
Danantara will be launched today with a target investment of US$900 billion. The initial funding is targeted at US$20 billion.
Prabowo Invites Supreme Court Judges to the Palace; Minister Denies it as Intervention
13 jam lalu
Constitutional law expert Feri Amasari views Prabowo's invitation of Supreme Court judges to the Palace as a form of intervention.
Prabowo to Launch Danantara at the Presidential Palace in Jakarta Tomorrow
17 jam lalu
The launch of Danantara was announced by Prabowo in his speech at the World Governments Summit 2025. It will manage a US$900 billion asset under management.
Jiwasraya Customers Ask for Prabowo's Help to Settle Insurance Payments
20 jam lalu
Some PT Asuransi Jiwasraya customers are asking for Indonesian President Prabowo's help to resolve the issue of insurance payments.
