Following President Prabowo Subianto’s directive, he highlighted that the principle of good governance will serve as the basis for all investments Danantara manages.
“We must carry this out with good corporate governance, transparently, carefully -- and most importantly -- with good integrity," Rosan remarked at the Indonesia Economic Outlook 2025 here on Wednesday (February 26).
The CEO stated that Danantara, a fully government-owned entity, has 99 percent of its shares held by the agency, while the other one percent is owned by the Ministry of SOEs in the form of series A shares.
He noted that despite their small percentage, these series A shares wield significant influence over Danantara's management and play an important role in achieving more strategic investment goals.
As an investment agency mandated by the government, Danantara is tasked with investing in sectors that have a positive and sustainable impact on the Indonesian economy.
He explained that the investment made by Danantara is expected to offer benefits not only in the short term but also have a significant positive impact on future generations.
The investment and downstreaming minister further elaborated that Danantara's investment goal is to drive higher economic growth, with Indonesia's economic growth target reaching 8 percent by 2029.
He also noted that Indonesia's economic growth for this year is projected at between 5.2 and 5.3 percent, based on projections by the World Bank and OECD regarding the country’s economy in the future.
Launched by President Prabowo on February 24, Danantara will initially manage funds worth Rp300 trillion (about US$20 billion) sourced from inefficient and poorly targeted spending programs.
The funds will be diverted to 20 or more national strategic projects, such as nickel, bauxite, and copper downstreaming projects, data center development, artificial intelligence (AI) development, oil refineries, and petrochemical plants.
The funds will also be channeled to finance food and protein production projects, aquaculture, as well as new and renewable energy projects.
Danantara is projected to eventually manage assets of more than US$900 billion.
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Translator: Muhammad Harianto, Yashinta Difa
Editor: Primayanti
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