According to Aryani, Danantara's establishment marks a new era in the transformation of strategic investment management in Indonesia.
"This has never happened in previous eras. This is the first time under President Prabowo (Subianto)," she said after the launch of the agency, according to a press release issued by the ministry here on Monday.
The launch of Danantara is also seen as a signal of transparency, accountability, and professionalism, which are key for investment management to achieve inclusive and highly competitive economic growth.
To that end, Aryani expressed the hope that the transformation efforts through Danantara will proceed smoothly to create a more advanced Indonesia.
She informed that Danantara is an investment management agency or sovereign fund that will gather strategic state-owned enterprises and help them grow and serve as a catalyst for national growth.
"The President stated that this (Danantara) is not only an investment manager, but also an important tool for promoting national development," she said.
Danantara is expected to become a large investment management body with operational frameworks similar to Singapore's Temasek Holdings.
The agency will manage assets valued at US$900 billion (around Rp14,715 trillion), with an initial funding projection of up to US$20 billion (about Rp325.6 trillion).
The management structure of Danantara will include a supervisory board and an executive body, both directly appointed by the President.
In the future, it is expected that Danantara's management will function independently and transparently to prevent political interference or conflicts of interest, Aryani said.
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Translator: Katriana, Kenzu
Editor: Rahmad Nasution
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