JAKARTA - President Prabowo Subianto is scheduled to inaugurate the launch of the Danantara Investment Management Agency (BPI), a strategic institution that is expected to become the main pillar in managing state assets and attracting global investment.
The name "Dantara" itself stands for Daya Anagata Nusantara, which means the strength of Indonesia's future. President Prabowo emphasized that Danantara will be the driving force for long-term economic development for the welfare of future generations.
In order to ensure the attractiveness of Danantara for foreign investors, the Head of the Center of Macroeconomics and Finance Indef, M. Rizal Taufikurahman, emphasized the importance of implementing Environmental, Social, and Governance (ESG) standards in managing the institution.
"In order for the Danantara to compete at the global level, its management must be professional, transparent, and free from political intervention," he said as quoted by ANTARA.
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Rizal added that regulatory transparency, policy stability, and legal certainty are the main foundations in attracting foreign investment. "Without this basis, global investors will think twice before investing in the Danantara," he said.
He also highlighted the importance of providing competitive fiscal incentives and investment protection to strengthen Danantara's position in the international market. "If the investment protection system is weak, Danantara will only become an administrative institution without strategic strength," added Rizal.
Furthermore, he said that Danantara's credibility would be tested from its ability to improve the operational efficiency of State-Owned Enterprises (BUMN) and encourage long-term profitability. If Danantara only complicates the bureaucracy without tangible results, the market will lose confidence, and the impact could reduce the value of BUMN assets and hinder the flow of investment," he explained.
The official launch of the Danantara is an important step in efforts to strengthen the national economic foundation. President Prabowo hopes that this institution can become a catalyst in optimizing the country's wealth potential for a more prosperous future for Indonesia.
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