"Yes, according to the information, by March all (SOEs) will be included (in Danantara)," he told reporters at the Digital Economic Forum here on Tuesday.
President Prabowo Subianto officially launched Danantara as a sovereign wealth fund (SWF) at the Jakarta Presidential Palace on Monday.
Danantara will manage assets totaling over USD900 billion, with an initial projected fund of USD20 billion.
It will have two main divisions: the operations division will be led by chief operating officer (COO) Dony Oskaria, who is also the Deputy Minister of SOEs, and the investment division by Pandu Sjahrir.
President Prabowo has also appointed SOEs Minister Erick Thohir as chairperson of the supervisory board of Danantara. Muliaman Hadad will serve as vice chairperson.
Meanwhile, COO Oskaria said that in the initial phase, the government plans to include seven SOEs in Danantara, namely Bank Mandiri, Bank Rakyat Indonesia (BRI), Perusahaan Listrik Negara (PLN), Pertamina, Bank Negara Indonesia (BNI), Telkom Indonesia, and MIND ID.
On the same occasion, Brodjonegoro emphasized that the budget efficiency of Rp300 trillion announced by President Prabowo is not intended for the operational capital for Danantara, but for investment purposes.
He explained that Danantara already has capital from the activities of the state-run companies it currently oversees.
The superholding was created by transferring the ownership of SOE shares that were previously under the Ministry of SOEs directly to Danantara.
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Translator: Bayu, Kenzu
Editor: Rahmad Nasution
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