Knock! Prabowo Officially Launches Danantara

JAKARTA - President Prabowo Subianto officially launched the Daya Anagata Nusantara Investment Management Agency (BPI) today at the Jakarta Presidential Palace.

The inauguration was marked when President Prabowo was signed by Law Number 1 of 2025 concerning the third amendment to Law Number 19 of 2003 concerning State-Owned Enterprises.

In addition, Prabowo also claimed to have signed Government Regulation (PP) Number 10 of 2025 concerning the organization and governance of the Nanagata Nusantara Investment Management Agency.

"Furthermore, I also signed Presidential Decree Number 30 of 2025 concerning the appointment of the supervisory board and the implementing body of the Nanagata Nusantara Investment Management Agency," he said at the launch quoted from the Presidential Secretariat's YouTube, Monday, February 23.

Launching the final draft of the BUMN Draft Law (RUU), Article 1 states that Danantara is a body that carries out the government's duties in the field of managing BUMN dividends as stipulated in the law. This provision is different in the Inventory List of Problems (DIM) of the BUMN Bill, where Danantara is assigned to manage SOEs.

Then, Article 3E paragraph (3) in the BUMN Bill explains that the purpose of establishing Danantara is to increase and optimize investment and operations of SOEs, and other sources of funds.

In addition, Danantara has the authority to manage investment holding dividends, Operational Holding, and BUMN dividends. The Investment Holding and Operational Holding were formed by the Minister of SOEs together with Danantara.

The Danantara is also authorized to approve the proposal to delete books and/or delete collections on state-owned assets proposed by the Investment Holding or Operational Holding with the Minister of SOEs. Then, Danantara is also authorized to provide loans, receive loans, and secure assets with the President's approval.

Meanwhile, Article 3J explains that Danantara's assets come from capital. Where Danantara's capital comes from state capital participation (PMN) originating from cash funds, state property, and/or state-owned shares in BUMN. Then, Danantara's capital can also come from other sources.

Meanwhile, Article 3G explains the nominal value of Danantara's capital of at least Rp1,000 trillion, which can be added through PMN and/or other sources.