By M Khaidar Khamzah, Editor at The Nusantara Times
Published: February 24, 2025
The Nusantara Times, Jakarta, February 24, 2025 – President Prabowo Subianto officially launched the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) on Monday, February 24, 2025, marking a key milestone in Indonesia’s efforts to optimize state asset management and accelerate economic growth. This agency’s creation is part of a broader strategy to enhance the financial management of the nation’s critical state-owned enterprises (SOEs).
In his formal address at the launch ceremony, President Prabowo outlined the regulatory framework that will guide the agency’s operations. “Today, I have signed Law No. 1 of 2025, amending Law No. 19 of 2003 on State-Owned Enterprises, as well as Government Regulation No. 10 of 2025, which defines the organizational structure and governance of the Daya Anagata Nusantara Investment Management Agency,” Prabowo explained.
Additionally, the president confirmed the signing of Presidential Decree No. 30 of 2025, which appoints the agency’s supervisory board and management team, finalizing the leadership structure that will oversee its operations moving forward.
Danantara is designed to consolidate and manage assets from several major SOEs, which represent some of the largest contributors to Indonesia’s economy. The seven state-owned companies under the agency’s portfolio include PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Pertamina (Persero), PT PLN (Persero), PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), and PT Mind ID.
Together, these companies control an estimated Rp 9,600 trillion (approximately $620 billion) in assets—amounting to 43.36% of Indonesia’s Gross Domestic Product (GDP), which stood at Rp 22,139 trillion (roughly $1.4 trillion) in 2024, according to the Central Statistics Agency (BPS).
From a financial standpoint, Danantara is poised to play a major role in Indonesia’s fiscal landscape. Historically, these seven SOEs have been major contributors to the national budget. In 2023, they contributed approximately Rp 73 trillion ($4.7 billion) in dividends, and this figure is expected to increase to Rp 76 trillion ($4.9 billion) in 2024, accounting for nearly 90% of the total dividend contributions from SOEs to the national budget (APBN).
The creation of Danantara is expected to significantly improve the efficiency and transparency of state asset management, while also attracting international investment and bolstering Indonesia’s standing in the global economy. With its focus on sustainable growth, the agency will play a crucial role in Indonesia’s ongoing efforts to modernize its infrastructure and economic structure.
