Knock! Prabowo Officially Launches Danantara Investment Management Agency

Inauguration of BPI Danantara (Photo: Screenshot by Mery Handayani/VOI)

JAKARTA - President Prabowo Subianto officially launched the Anagata Nusantara Power Investment Management Agency (BPI Danantara) today. Danantara has the authority to manage investment holding dividends, operational holdings, and BUMN dividends.

"By saying bismillahirrahmanirrahim, this afternoon, Monday, February 24, 2025, I am the President of the Republic of Indonesia launching the Anagata Nusantara Power Investment Management Agency, Danantara Indonesia," Prabowo said at the launch of Danantara, quoted from the Presidential Secretariat's YouTube, Monday, February 24.

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

In addition, Prabowo also 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.

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.