“At Danantara, we are now focusing on aligning all 889 SOEs under one command, moving away from a mindset of individual interests, but instead (focusing) on how we can cooperate with one another,” he said at the Digital Economy and Finance Forum in Jakarta on Friday.
The forum was organized by the Indonesian Fintech Association.
According to Sjahrir, the unified command is intended to streamline SOE consolidation and enhance their cooperation to support the national target of achieving 8 percent year-on-year economic growth, which was outlined by President Prabowo Subianto.
“One of the President’s aspirations is for all of us to unite to achieve this major goal of sustainable 8 percent economic growth. Now is the right time to stop thinking beyond individual roles and start thinking about Indonesia as a whole,” he said.
Danantara is targeting to consolidate the current 889 SOEs into fewer than 200 companies.
Since its establishment, Danantara has engaged in various international investment cooperations, including corporate actions such as providing capital support to SOEs.
The initiatives have included the signing of a memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power for project funding worth up to US$10 billion.
Danantara has also formed a strategic partnership with the Qatar Investment Authority (QIA) to manage an investment fund of US$4 billion to support development projects in Indonesia.
In terms of corporate actions, Danantara has provided a shareholder loan of Rp6.65 trillion (about US$415.6 million) to national airline PT Garuda Indonesia (Persero) Tbk.
In addition, in collaboration with the private sector, Danantara and PT Chandra Asri Pacific Tbk (TPIA) are working to support the development of a chlorine alkali-ethylene dichloride (CA-EDC) plant, with a total investment of US$800 million.
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Translator: Muhammad Heriyanto, Kuntum Khaira Riswan
Editor: Primayanti
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