Palace: Danantara Consolidates State Assets To Build Strategic Industry

JAKARTA - Head of the Presidential Communication Office Hasan Nasbi said the Anagata Nusantara Power Investment Management Agency (BPI Danantara) was President Prabowo Subianto's strategy to consolidate state wealth and assets to build the strategic industrial sector.

President Prabowo Subianto at the Presidential Palace Complex, Jakarta, Monday, inaugurated BPI Danantara, as well as announcing Danantara as a sovereign wealth fund in Indonesia.

"The aerospace will finance the strategic industry itself, including nickel downstream, cobalt, to develop artificial intelligence, for the manufacture of oil refineries and supporting industries, which will support the Indonesian nation to jump as a developed country with 8 percent economic growth," Hasan Nasbi told reporters. reported by ANTARA, Monday, February 24.

He continued that the steps that will be taken by the Danantara are an effort to carry out the constitutional order of the 1945 Constitution of the Republic of Indonesia, especially Article 33 paragraph (3) which reads: Earth and water and natural wealth contained therein are controlled by the state and used for the greatest prosperity of the people'.

Hasan is optimistic that Danantara can be a solution to the paradox experienced by developing countries with abundant wealth of natural resources. The paradox is also the main issue written by President Prabowo Subianto in his book entitled Paradox Indonesia.

"This is an effort by the government to resolve the Indonesian paradox, as written by President Prabowo Subianto in his book. There is no need to argue, our nation is rich, we should be more prosperous. But in reality, until 80 years of Indonesia's standing there is still inequality, there are still poor people, there are still those who cannot eat, there are still areas that are left behind in development. This must all be resolved immediately. So, the Indonesian paradox must be resolved, "said Hasan Nasbi.

At the Presidential Palace, the inauguration of the Danantara was attended by ministers of the Red and White Cabinet, the 6th President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY), the 7th President of the Republic of Indonesia Joko Widodo, ambassadors, foreign guests, and other state officials.

On the stage of the event, President Prabowo invited his seniors SBY and Jokowi to jointly press the button that marks the Danantara is officially formed and operational.

In the organizational structure of BPI Danantara, President Prabowo appointed Rosan P. Roeslani as the leader of BPI Danantara or Chief Executive Officer (CEO) Danantara. Rosan is currently still serving as Minister of Investment and Downstreaming/Head of BKPM.

Rosan was assisted by Pandu Sjahrir as the chief investment officer (CIO) in charge of managing the investment holding and Deputy Minister of SOEs Dony Oskaria as the chief operating officer (COO) in charge of managing the operational holding.

President Prabowo also appointed SOE Minister Erick Thohir as Chairman of the Danantara Supervisory Board, Muliaman Hadad as Deputy Chairman of the Supervisory Board, and Minister of Finance Sri Mulyani Indrawati as a member of the Supervisory Board.

In the structure of the BPI Danantara Advisory Council, there is the 6th President of the Republic of Indonesia Susilo Bambang Yudhoyono and the 7th president of the Republic of Indonesia Joko Widodo. Not only that, there is also the Supervisory Committee in the organizational structure of BPI Danantara, consisting of BPK, the Financial and Development Supervisory Agency (BPKP), the KPK, the Attorney General's Office, the Financial Transaction Reports and Analysis Center (PPATK), and other institutions.