President Prabowo Subianto released a Government Regulation Number 19 of 2026, revising PP 10/2025 on the organization and governance of BPI Danantara.
CNBC Indonesia reported on May 31, 2026, that the revision aligns Danantara’s organization, authority, governance, and accountability with Law 16/2025 or the Fourth Amendment to the State-Owned Enterprises Law.
- Several important points, include:
Danantara is tasked with managing SOEs through the management of dividends from investment holdings, operating holdings, and directly held SOEs. - Danantara has the authority to approve increases or reductions in equity participation funded by the dividends it manages.
- Danantara can establish new investment holding companies and operating holding companies for SOEs.
- Danantara may approve proposals to write off or write down SOE assets.
- Danantara can provide and receive loans and pledge assets as collateral, but this must be done with the President’s approval.
The full regulation can be accessed here. Meanwhile, an analysis by CELIOS’ Policy and Strategic Litigation Program Manager Muhamad Saleh can be accessed here.