DPR Passes BUMN Law, Erick Thohir: Danantara Officially Founded

SOE Minister Erick Thohir (Photo: Doc. VOI)

The Draft Law (RUU) on the third amendment to Law number 19 of 2003 concerning State-Owned Enterprises (BUMN) has been officially passed into law at the DPR RI Plenary Meeting which was held today.

SOE Minister Erick Thohir said the law approved the establishment of the Daya Anagata Nusantara Investment Management Agency (BPI). By passing it into law, Danantara now has a legal basis.

"The Anagata Nusantara Power Investment Management Agency has been officially established and formed in order to consolidate BUMN management and optimize dividend and investment management," said Erick at the DPR RI Building, Parliament Complex, Jakarta, Tuesday, February 4.

Erick also said that Danantara would later manage SOEs operationally. He explained that his goal was to optimize the dividends of state-owned companies in order to pursue the 8 percent economic growth target set by President Prabowo Subianto.

"The transformation of SOEs through the establishment of BPI Danantara is a strategic step in realizing the Joint vision of Advanced Indonesia Towards Golden Indonesia 2045," said Erick.

Previously, Minister of State-Owned Enterprises (BUMN) Erick Thohir admitted that he could not confirm exactly when the Daya Anagata Nusantara (Dantara) Investment Management Agency (BPI) would be inaugurated.

Erick said that the establishment of this institution depended on the completion of the BUMN draft law (RUU).

"Like that, we'll just have to wait," said Erick when met at the BUMN Ministry Office, Jakarta, Friday, January 24.

Furthermore, Erick said, the study was carried out by the DPR. The BUMN Bill was also initiated by the DPR.

"This is not the initiation of the Minister of SOEs or the initiation of the government, this is the initiation of the DPR. So later in the brewing there, we will do it," said Erick.

Erick admitted that he could not confirm whether the legislator would change the definition of BUMN in the BUMN Bill.

Therefore, he admitted that he could not explain the relationship between the Ministry of SOEs and Danantara.

Although there has been no comprehensive explanation regarding Danantara, Erick explained that the agency will later consolidate BUMN assets.

"One of them will be consolidated assets and investments," he said.