Danantara Chief Investment Officer Pandu Sjahrir said Friday the agency is committed to supporting the growth of Indonesia’s stock market by stimulating both supply and demand.
“On the supply side, we aim to encourage companies under Danantara that are ready to become quality issuers on the exchange,” Sjahrir said during a seminar at the 2025 Capital Market Summit & Expo at the Indonesia Stock Exchange (IDX).
Currently, 24 state-owned enterprises (SOEs) and their subsidiaries are listed on the IDX, out of 966 total listed companies. The exchange monitors SOE-related stock performance through the IDXBUMN20 index, which dropped 2.94 points, or 0.84 percent, to 354.48 during Friday’s session.
Sjahrir confirmed that Danantara will soon begin investing directly in domestic equities. The agency, he said, is entering the initial phase of allocating funds to a range of instruments both at home and abroad.
“For this year, we will invest the majority, around 80 percent, domestically. We are just beginning to allocate funds to domestic and international investments,” he said.
The IDX reported that 23 companies have completed IPOs so far in 2025, with another 11 in preparation. The increase in listings underscores growing investor confidence in Indonesia’s economic outlook.
President Prabowo Subianto has directed Danantara to serve as a key driver of national development and to ensure that the management of state wealth directly benefits citizens.
Danantara, established to optimize Indonesia’s vast natural and financial resources, will oversee assets valued at more than $900 billion, with initial funding projected to reach $20 billion.
By deepening market participation and boosting public offerings, officials hope Danantara’s involvement will enhance liquidity, attract global investors, and help position Indonesia as a leading financial hub in Southeast Asia.
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Translator: Heriyanto, Kenzu
Editor: Rahmad Nasution
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