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February 18, 2025 | 11:58 am
TEMPO.CO, Jakarta - Sufmi Dasco Ahmad, the daily chief executive of the Gerindra Party, revealed the reasons why President Prabowo Subianto wants to immediately establish the Daya Anagata Nusantara Investment Management Agency (BP Danantara). Dasco said that the head of state, who also serves as the Gerindra Party chairperson, wants Danantara to become a key instrument for managing domestic investments.
Dasco explained that Prabowo is fast-tracking the launch of Danantara so it can immediately begin capitalizing on dividends from state-owned enterprises (SOEs). "Pak Prabowo wants Danantara to be formed quickly to maximize SOE dividends," he told Tempo in a phone interview on Friday, February 14.
Dasco added that Prabowo believes the profits generated by SOEs could be put to better use for the benefit of the public through Danantara's management. He claimed this strategy would allow Indonesia to reduce its dependence on foreign debt. "For the people's benefit, without relying on foreign loans," he said.
The Deputy Speaker of the House of Representatives (DPR) also revealed Prabowo’s current priorities for Danantara. "Mr. Prabowo’s focus is on establishing the agency so that SOE dividends can be maximized for investment, which is why the Investment Management Agency (BPI) is being created."
Once launched, Danantara will manage SOEs, including their operations and investments, Dasco noted. Meanwhile, the Ministry of SOEs will act as the regulator, with authority over the planning and governance of SOEs.
Earlier, in a speech at the 2025 World Governments Summit, Prabowo announced that Danantara would be officially launched on Monday, February 24.
The president stated that the Indonesian government is ready to launch the new sovereign wealth fund, Danantara, which, according to initial evaluations, will manage US$900 billion in assets under management (AUM).
"Danantara, which will be launched on February 24 this month, will invest our natural resources and national assets into high-impact, sustainable projects in various sectors, including renewable energy, advanced manufacturing, downstream industries, food production, and more," Prabowo said, as quoted from a YouTube broadcast by the Presidential Secretariat on Friday, February 14.
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