Danareksa Will Inject Fresh Funds Of IDR 3 Trillion For Its Subsidiaries

Photo: Doc. Danareksa

PT Danareksa (Persero) will provide capital funds for several State-Owned Enterprises (BUMN) that are members of the Danareksa Holding amounting to IDR 3 trillion in 2024.

"We now tend to concentrate on investing in Danareksa's subsidiaries. So Danareksa will make an integrated investment. How much is the plan if the RKAP (Business Plan and Company Budget) is around Rp. 2 trillion to Rp. 3 trillion," said Danareksa President Director, Yadi Jaya Ruchandi to the media, Monday, December 11.

Yadi said, Danareksa is the only holding of State-Owned Enterprises (BUMN) Specialist for Transformation and Investment in Indonesia which carries out the mandate to scaling up and invest in 45 subsidiaries or associates.

"Scaling up is on SOEs whose business scale is still small but then we are given the task of raising it," he said.

In addition, if there is a state-owned company that is'sick', it will be transformed and handled by a Danareksa subsidiary, namely PT Perusahaan Pengelola Assets or PPA.

Furthermore, Danareksa also revitalizes management and improves business scale or scaling up through business transformation and strengthening synergy in holding members through a relay handling mechanism.

Yadi added, as a step to strengthen the synergy between its subsidiaries, namely with collaboration in the value chain and product service of each subsidiary managed, increasing the Bargaining Position and realizing the sharing of Capability and Collaboration.

Danareksa's Director of Finance and Risk Management, Teguh Wirahadikusumah, said that the financial sector of the Danareksa BUMN holding was quite good, as reflected in a net profit in 2022 of IDR 1.245 trillion, an increase compared to 2021 which was only IDR 728 billion.

"But what is no less important is that with Danareksa being a new holding company, many of my places are that all of our plans in the future may be sustainability. So number one is of course a credible and accurate and timely financial report. This is an effort that seems easy but quite extraordinary to do," he said.

Teguh is optimistic that by the end of 2023 the company will be able to improve its future performance.

"So number one is of course a credible and accurate and timely financial report. This effort seems easy but quite extraordinary to do. So now we are targeting (financial reporting) at the end of 2023, for example, in the month no later than March 2024, it has been completed," he said.

The Danareksa Group has 5 sub clusters with 45 subsidiaries, namely the first subcluster of the Industrial Estate in which there are six subsidiaries, consisting of PT Jakarta Industrial Estate Pulogadung, PT Kawasan Berikat Nusantara, PT Kawasan Industri Makassar, PT Kawasan Industri Medan, PT Surabaya Industrial Estate Rungkut and PT Kawasan Industri Batang (Grand Batang City).

Furthermore, the second subcluster of financial services includes five entities, namely PT Asset Management Company (PPA), PT BRI Investment Management, PT Danareksa Finance, PT BRI Danareksa Sekuritas and PT Danareksa Kapital.

The third subcluster of media and technology includes five entities, namely PT Balai Pustaka, PT Kliring Berjangka Indonesia, PT Jalin Payment Nusantara, Perum Film Negara (PFN) and LKBN Antara.

Then, the fourth subcluster is the management of SDA (Source of Water) consisting of two entities, namely Perum Jasa Tirta 1 and Perum Tirta Jasa 2. Furthermore, the last subcluster is from the construction and consultant work which has four entities namely PT Virama Karya (Persero), PT Yodya Karya (Persero), PT Indra Karya (Persero) and PT Nindya Karya.