Economist: Danantara Reduces SOE Dependence On PMN

JAKARTA - Paramadina University Economist Wijayanto Samirin said the presence of the Anagata Nusantara Power Investment Management Agency (Dantara) could reduce the dependence of State-Owned Enterprises (BUMN) on State Capital Participation (PMN).

According to him, this is in line with later Danantara being able to embrace various strategic partners and attract investment into the country.

The Danantara setting also makes it more agile to attract investment or embrace strategic partners than conventional SOE formats. As a result, the dependence of SOEs on PMN will be reduced," said Wijayanto, quoted by Antara, Monday, February 17.

He continued, the presence of Danantara will also make SOE management more professional or not political and bureaucratic, and have the potential to boost the quality of the Good Corporate Governance (GCG) aspect.

In addition, he continued, thicker corporate DNA will make state-owned companies more daring to take business risks in a measured, more creative, and more flexible manner.

"Including running a business abroad (LN)," said Wijayanto.

On the other hand, he reminded that there are still challenges in the management of Danantara, including Legal Framework which is still complicated and has too many leaders later.

"In addition, there is no solid guarantee that politicization will not occur in the Danantara. This has the potential to create complexities in the future," said Wijayanto.

Presiden Prabowo Subianto mengumumkan peluncuran Danantara akan dilakukan pada 24 Februari mendatang, dengan tahap awal akan mengelola aset lebih dari 900 miliar dolar AS.

"Danantara, which will be launched on February 24, this month, will invest our country's natural resources and assets in sustainable and high-impact projects in various sectors, such as renewable energy, advanced manufacturing, downstream industry, food production, and others," said Prabowo.