Published on September 19, 2025, by Bisnis.com
Bisnis.com, JAKARTA – The Legislative Body (Baleg) of the Indonesian House of Representatives (DPR RI) has determined the results of the evaluation of the 2025 National Legislation Program (Prolegnas) and the preparation of the 2026 Priority Prolegnas, including the inclusion of the bills on Danantara and Patriot Bonds in the long list of legislations.
Martin Manurung, Deputy Chairman of Baleg DPR and Chair of the Prolegnas Working Committee, stated that he had received various proposals from commissions, factions, lawmakers, the government, and the Regional Representative Council (DPD) regarding the bills.
As a result, 67 bills were included in the 2026 Priority Prolegnas. This number consists of 44 bills launched in 2025, 17 DPR proposals, five government proposals, and one DPD proposal.
These include Danantara Indonesia Investment Management Agency (BPI) Bill and the Patriot Bond Bill, which will be launched by Danantara. The two bills are new proposals included in longlist 78 and 70.
Darmadi Durianto, a Baleg member from the Indonesian Democratic Party of Struggle (PDIP), admitted he was surprised by the inclusion of the Danantara Bill in the proposal list.
“I suddenly saw a bill about Danantara. I wonder what its purpose is, even though it was previously regulated in State-Owned Enterprises Law No. 1/2025,” he said during a meeting at the parliamentary complex in Senayan, Jakarta, Thursday (18/9).
According to him, with this regulation, there is an opportunity to merge the Ministry of State-Owned Enterprises into Danantara. He added that this discussion is likely pending the issuance of a Presidential Letter regarding the revision of the previous regulation.
“We will likely discuss this while waiting for the issuance of the Presidential Letter regarding this revision. There’s a possibility of a merger, these two agencies, two agencies into one,” he concluded.
Responding to this, Baleg Chairman Bob Hasan stated that the Danantara Bill was proposed to streamline the governance of state-owned enterprises.
“Danantara must stand firm because we both know that the managements of SOE firms are actually leaning closer to Danantara,” he said on the same occasion.
The government is considered quite open to dissolving the Ministry of State-Owned Enterprises. In spite of the current leadership vacuum, many of the ministry’s duties and functions have already been transferred to Danantara Indonesia.
President Prabowo Subianto recently appointed SOE Minister Erick Thohir as the new Minister of Youth and Sports. Erick replaces Dito Ariotedjo, who was relieved of his duties in the second cabinet reshuffle on September 8, 2025.
With his new assignment, Erick officially relinquished his position as Minister of SOEs. This departure leaves a leadership vacuum at the Ministry of SOEs, and Prabowo has yet to announce who will fill the position.
SOE observer and Director of the NEXT Indonesia Center, Herry Gunawan, stated that the vacant position of SOE Minister could be an opportunity to review the Ministry of SOEs’ existence.
According to him, the Ministry of State-Owned Enterprises (SOEs) has the potential to be disbanded because many of the ministry’s main functions and duties have been transferred to Danantara Indonesia.
Furthermore, based on the latest SOE Law, state-owned enterprises are no longer separated state assets, but rather private institutions, as stipulated in the elucidation of Article 4A Paragraph (5) of the SOE Law Number 25.
“Therefore, the current SOE regulations should be the same as those for other private corporations. Therefore, regulations from the SOE Ministry are no longer necessary,” he said when contacted by Bisnis on Wednesday (17/9).
He added that best practices in neighboring countries also demonstrate a similar trend. Singapore, with Temasek, and Malaysia’s Khazanah, both leading sovereign wealth funds (SWFs), also do not have SOE ministries. Nevertheless, they are still able to contribute to state revenue.