# Danantara Monitor

> Tracking the Power Behind Indonesia’s Sovereign Wealth Fund


## Posts

- [Danantara Prepares Rp210 Trillion Debt Ceiling for Merah Putih Cooperative](https://danantaramonitor.org/danantara-prepares-rp210-trillion-debt-ceiling-for-merah-putih-cooperative/): Published on October 29, 2025, by Kontan.co.id   By Arif Ferdianto   KONTAN.CO.ID – JAKARTA. The clarity of funds disbursement to Red-and-White Village Cooperatives from the state-owned banks, known as Himbara, had reached a bright spot.   Deputy Cooperative Minister Farida Farichah said Daya Anagata Nusantara Investment Management Agency (BPI Danantara) agreed to provide Rp210 trillion debt ceiling for the development of Red-and-White Village Cooperatives.   The funds will be disbursed from Himbara banks to the Village Cooperatives. Farida said the fuds will be divided evenly from three largest state-owned lenders.   Each lender, namely BNI, Mandiri, and BRI will manage […]
- [Purbaya Bans Danantara from Asking the State: Must Become a Private Entity](https://danantaramonitor.org/purbaya-bans-danantara-from-asking-the-state-must-become-a-private-entity/): Published on October 27, 2025, by CNN Indonesia   Jakarta, CNN Indonesia – Finance Minister Purbaya Yudhi Sadewa said Daya Anagata Nusantara Investment Management Agency (BPI Danantara) should be a private sector entity, so its operations are based on such conditions.   Purbaya said Danantara was intended to be separate from the state, different from State-Owned Enterprises Ministry.   “Danantara is supposed to be private sector entity, so let it work with its environment. Think professionally, privately,” Purbaya said during the Economic Spesial Hari Keuangan Nasional at CNN Studio in South Jakarta, Monday (27/10).   “It means, if any problem arise, […]
- [HM Sampoerna Buys 500 Billion Rupiah of Danantara’s Patriot Bond](https://danantaramonitor.org/hm-sampoerna-buys-500-billion-rupiah-of-danantaras-patriot-bond/): Published  on October 24, 2025, by CNBC Indonesia   By Mentari Puspadini    Jakarta, CNBC Indonesia – Listed cigarette maker PT Hanjaya Mandala Sampoerna Tbk. (HMSP) bought long term bond known as Patriot Bond issued by Danantara Indonesia totalling Rp500 billion on October 21, 2025.   In its statement, HMSP bought two traches of bonds issued by PT Danantara Investment Management (Persero). HMSP bought Serie A worth Rp250 billion with 2% coupon annually and mature at October 22, 2030. The company also bought Serie B worth Rp250 billion with 2% coupon annually and mature at October 21, 2032.   “However, this […]
- [Danantara Says China Train Debt Talks Still Ongoing as Luhut Claims 60-Year Term Deal](https://danantaramonitor.org/danantara-says-china-train-debt-talks-still-ongoing-as-luhut-claims-60-year-term-deal/): Published on Octover 23, 2025, by Jakarta Globe   By Jayanty Nada Shofa   Jakarta. Sovereign wealth fund Danantara said Thursday that the China train debt talks were still ongoing, despite claims by presidential economic advisor Luhut Binsar Pandjaitan that Jakarta had reached a restructuring deal with Beijing.   Indonesia is trying to repay the Chinese loans that the country had taken out to construct the $7.3 billion Jakarta-Bandung high-speed train, Whoosh. Local news outlet Kompas, quoting Luhut, revealed that Beijing had said yes to having the loans payable over 60 years. Luhut used to lead the bullet train committee between […]
- [Danantara CEO Opens Up About SOEs Polishing Financial Reports](https://danantaramonitor.org/danantara-ceo-opens-up-about-soes-polishing-financial-reports/): Published on October 21, 2025, by detikFinance   By Andi Hidayat   Jakarta – CEO Daya Anagata Nusantara Investment Management Agency (BPI Danantara) Rosan Roeslani spoke up about state-owned enterprises polishing their financial reports.   Rosan said such practice of polishing financial reports was done under supervision of the state-owned enterprise board of commissioners. Therefore, Danantara eliminated the bonus policy, as its oversight function was deemed suboptimal.   “The commissioners are pushing for high profits, but how? They’re using the term “beautifying the books.” “Beautifying the books” means polishing financial reports to make them more attractive, but sometimes they even dare […]
- [Danantara to Cut 1,044 State-Owned Enterprises to 230 in Five Years](https://danantaramonitor.org/danantara-to-cut-1044-state-owned-enterprises-to-230-in-five-years/): Published on October 20, 2025, by Bisnis.com   By Annisa Kurniasari Saumi   Bisnis.com, JAKARTA — Daya Anagata Nusantara Investment Management Agency or BPI Danantara will trim down the number of subsidiaries of state-owned enterprises (SOEs)  from 1,044 to 230 or 240 companies within the next five years.   Chief Executive Officer Danantara Rosan Roeslani said there are more than 1,044 at present. Rosan and Danantara initially estimated the number of SOEs are 800 companies.   “In reality, this keeps on expanding across 12 sectors, reaching almost 1,044 [SOEs] right now,” Rosan said during HIPMI-Danantara Indonesia Business Forum 2025 on Monday […]
- [High costs, risks for Danantara in carbon capture projects](https://danantaramonitor.org/high-costs-risks-for-danantara-in-carbon-capture-projects/): Published on October 21, 2025, by The Jakarta Post   By Divya Karyza   The state asset fund faces significant financial risks and must exercise caution as it considers carbon capture and storage (CCS) projects, as the current carbon price offers a negligible incentive against costs that can be 50 times higher, a leading energy analyst warned.   Indonesia’s state asset fund Danantara faces significant financial risks and must exercise caution as it considers carbon capture and storage (CCS) projects, as the current carbon price offers a negligible incentive against costs that can be 50 times higher, a leading energy analyst […]
- [‘New business culture’ needed as govt plans to cut number of SOEs](https://danantaramonitor.org/new-business-culture-needed-as-govt-plans-to-cut-number-of-soes/): Published on October 20, 2025, by The Jakarta Post   By Maudey Khalisha   Danantara CEO Rosan Roeslani’s consolidation drive to reduce the number of SOEs from more than 1,000 to just over 200 will only succeed if accompanied by transparent governance, political will and an overdue reset in the business culture at state firms, economists say.   Danantara CEO Rosan Roeslani has outlined a five-year plan to consolidate and strengthen Indonesia’s state-owned enterprises (SOEs), but economists warn the move could crowd out private sector activity unless it is guided by clear legal and strategic mandates.   Institute for Development of […]
- [From Danantara to the National Strategic Projects: The New Toy of Environment-Destroying Tycoons in the Inner Circle of Power](https://danantaramonitor.org/from-danantara-to-the-national-strategic-projects-the-new-toy-of-environment-destroying-tycoons-in-the-inner-circle-of-power/): Published on October 14, 2025, by Project Multatuli   On paper, Danantara, the brainchild of President Prabowo Subianto, has a mission to create an “inclusive and sustainable development”. In reality, it becomes a tool for the old oligarchs to consolidate, disguised as green but funding extractive projects that damage the environment.   By Permata Adinda, edited by Viriya Singgih   A man with long tousled hair, barely covered by a piece of brown cloth, was talking to an orange-clad miner on bare land next to the forest.   Two women, dressed similarly to the tousled-haired man, slowly approached. The mine worker […]
- [Purbaya Criticizes Danantara for Using SOE Dividends to Buy Govt Bonds: What's Your Expertise?](https://danantaramonitor.org/purbaya-criticizes-danantara-for-using-soe-dividends-to-buy-govt-bonds-whats-your-expertise/): Published on October 16, 2025, by Bisnis.com   by Dany Saputra   Finance Minister Purbaya criticized Danantara for using dividends from state-owned enterprises to buy government bonds, pushing for project investments to spur economic growth at 8% in 2029.   Bisnis.com, JAKARTA — Finance Minister Purbaya Yudhi Sadewa has again criticized Danantara Indonesia, which he believes is using SOE dividends to purchase government bonds or SBN rather than investing in various projects.    Purbaya made this statement while attending his inaugural meeting as a member of the Danantara supervisory board at Wisma Danantara Indonesia on Wednesday (10/15/2025).   Purbaya stated that […]
- [Indonesia Secures $17.4 Billion Sustainability Investment Pledges](https://danantaramonitor.org/indonesia-secures-17-4-billion-sustainability-investment-pledges/): Published on October 12, 2025, by The Jakarta Globe   By Jayanty Nada Shofa   Jakarta. Indonesia has just secured $17.4 billion worth of investment commitments for its sustainability-related programs, some of which were expected to help put the sovereign fund Danantara’s waste-to-energy plan into motion.   The Indonesian government and business lobby Kadin had put together a two-day forum zeroing in on how the country could safeguard the planet through green investments. The 2025 Indonesia International Sustainability Forum ended on a high note, business-wise. A string of memoranda of understanding (MoUs) got signed, and some investors had pledged to put […]
- [Can Prabowo ‘clean up’ Indonesia’s problematic state-owned enterprises with new law, regulator?](https://danantaramonitor.org/can-prabowo-clean-up-indonesias-problematic-state-owned-enterprises-with-new-law-regulator/): Published on October 13, 2025, by Channel News Asia   By Nivell Rayda   JAKARTA: On paper, the Indonesian state-owned company that Arif works for has enormous potential: A vast market in a country of 280 million people, decades of expertise and easy access to government funding.   In reality, Arif said his employer has been bleeding money, weighed down by mounting debt, lawsuits, and corruption scandals that have scared off private partners and tarnished its reputation in recent years.   Arif requested not to disclose his full name and his workplace because he is not authorised to speak to the […]
- [Mempawah PLTU-1 Corruption Case: Lessons for Future Steam Powe Plant Developments](https://danantaramonitor.org/mempawah-pltu-1-corruption-case-lessons-for-future-steam-powe-plant-developments/): The involvement of Halim Kalla, the president director of PT Bumi Rama Nusantara (BRN), and Fahmi Muchtar, the CEO of state utility PLN from 2008 to 2009, as suspects in the corruption case surrounding the construction of Steam Power Plant (PLTU) 1 in Mempawah, West Kalimantan, adds to the long list of national energy planning issues. The West Kalimantan PLTU-1 project is part of the first phase of the 10,000 MW electricity development program. From its inception, the project drew criticism for poor planning and a lack of transparency in the procurement process.   The project is being built amidst a […]
- [Prabowo’s Climate Test at the UN: Can Indonesia Lead Where America Falters?](https://danantaramonitor.org/prabowos-climate-test-at-the-un-can-indonesia-lead-where-america-falters/): Published on October 7, 2025, by Global Policy    By Bhima Yudhistira Adhinegara and Muhammad Zulfikar Rakhmat   Bhima Yudhistira Adhinegara and Muhammad Zulfikar Rakhmat on why Indonesia’s President must resist the temptation to treat climate policy as a diplomatic talking point divorced from domestic struggle.   When President Prabowo Subianto took the podium at the United Nations General Assembly last week, he did more than outline Indonesia’s foreign policy. He staked a claim for Indonesia as a climate leader at a moment when the United States, long seen as indispensable to global climate action, is retreating under the weight of […]
- [Indonesia’s green industrial policy ahead of COP30](https://danantaramonitor.org/indonesias-green-industrial-policy-ahead-of-cop30/): Published on October 3, 2025, by The Interpreter   By Bhima Yudhistira Adhinegara and Muhammad Zulfikar Rakhmat   Jakarta is playing a balancing act between business wins and climate objectives. Can it work?   As the world prepares to convene for COP30 in Brazil this November, Indonesia finds itself at the familiar crossroads of climate ambition and economic opportunity. This year, the Indonesian government is showcasing a bold “Green Industrial Policy”, designed to demonstrate the country’s commitment to reducing greenhouse gas emissions while simultaneously attracting investment. But questions remain about the effectiveness and clarity of the projects Indonesia is bringing to […]
- [Danantara Plans to Distribute Rp165 Trillion to Strategic Projects and Stock Market](https://danantaramonitor.org/danantara-plans-to-distribute-rp165-trillion-to-strategic-projects-and-stock-market/): Published on October 6, 2025, by Bisnis.com By Dionisio Damara Tonce   Bisnis.com, JAKARTA — Movements made by Indonesia’s sovereign wealth fund PT Danantara Investment Management (Persero) began to surface in the fourth quarter of 2025. Danantara is reportedly muling a $10 billion or about Rp165.83 trillion in its first three months of operations starting October 2025.   According to a report by Reuters, Chief Investment Officer (CIO) Danantara Indonesia Pandu Sjahrir said about 80% of funds will be allocated for domestic projects. The rest will be placed overseas.   “This is the first month we distribute capital. Within the first […]
- [SOE Commisioner Double Job Problem, Danantara Challenges](https://danantaramonitor.org/soe-commisioner-double-job-problem-danantara-challenges/): Jakarta, September 30, 2025 The corruption cases and losses affecting many state-owned enterprises should have been a warning to the government to immediately improve their governance. However, what has happened is that the practice of dual positions and the dominance of political interests in the appointment of commissioners at these state-owned companies are becoming increasingly widespread. According to Transparency International Indonesia (TI Indonesia), as of September 30, 2025, there were 33 deputy ministers holding concurrent positions as deputy ministers and SOE commissioners. This does not include the Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) who also holds […]
- [Danantara to Deploy $10b in First Three Months, CIO says](https://danantaramonitor.org/danantara-to-deploy-10b-in-first-three-months-cio-says/): Published on October 3, 2025, by The Jakarta Post Among its early projects are a Haj village in Saudi Arabia, upstream energy ventures with Pertamina and waste-to-energy plants in Indonesia.   By Yantoultra Ngui and Xinghui Kok (Reuters)   Indonesia’s new sovereign wealth fund Danantara will deploy about US$10 billion in its first three months of operation starting in October, with 80 percent earmarked for domestic investments and the rest going overseas, its chief investment officer said on Thursday.    Danantara, short for Daya Anagata Nusantara, was launched in February by President Prabowo Subianto with an initial allocation of $20 billion […]
- [Government to Subsidize Danantara’s Waste-to-Energy Projects](https://danantaramonitor.org/government-to-subsidize-danantaras-waste-to-energy-projects/): Published on October 2, 2025, by Tirto.id The compensation scheme will be determined later, taking into account the specific factors of each project.   By Qonita Azzahra   tirto.id – Finance Ministry is set to subsidy  electricity tariffs for the Waste-to-Energy Power Plant (PLTSa) project initiated by Danantara.   Director General of Economic and Fiscal Strategy Febrio Nathan Kacaribu said the purchase price for electricity from the waste to energy (WtE) project will be set at 20 cents per kilowatt hour (kWh) to PT Perusahaan Listrik Negara (Persero).   The method for calculating the amount of compensation funded by the state […]
- [House Passes SOE Law, Downgrading Ministry into Regulatory Body](https://danantaramonitor.org/house-passes-soe-law-downgrading-ministry-into-regulatory-body/): Published on October 2, 2025, by The Jakarta Post Under the new structure, BP BUMN will act as the sector’s regulatory agency, while Danantara will serve as the executor in charge of around 1,000 state firms and as guarantor for investment holdings.   By Ruth Dea Juwita   The House of Representatives passed sweeping revisions to the law governing state-owned enterprises (SOEs) in a plenary session on Thursday, dissolving the SOEs Ministry and establishing a new regulatory body, the SOEs Regulatory Agency (BP BUMN), as its replacement.    Around 500 staff members of the SOEs Ministry will be transferred to the […]
- [Danantara Mulls Investment in European Food Company](https://danantaramonitor.org/danantara-mulls-investment-in-european-food-company/): Published on October 1, 2025, by CNN Indonesia Jakarta, CNN Indonesia – Daya Anagata Nusantara Indonesia Investment Management Agency (BPI Danantara) has seen a potential to invest in European food company.    Danantara CEO Rosan Roeslani said Danantara is also exploring potential investments in European healthcare sector.   “I, as the head of Danantara, see the potential for us to invest in Europe in relation to food and healthcare,” Rosan said at the EU Investment Desk press conference at Investment and Downstreaming Ministry office in Jakarta, on Tuesday (30/9), as quoted by Antara.   Rosan said the investment was intended for […]
- [Fatwa Commission Weighs Celios Request on Ministers Holding Multiple Posts](https://danantaramonitor.org/fatwa-commission-weighs-celios-request-on-ministers-holding-multiple-posts/): Published on September 23, 2025, by MUI.or.id JAKARTA, MUI.OR.ID — The Indonesian Ulema Council’s (MUI) Fatwa Commission received a visit from the Center of Economic and Law Studies (Celios) to discuss a request for a fatwa on the salaries of ministers and deputy ministers holding concurrent positions as commissioners at state-owned enterprises (SOEs). The meeting took place at MUI office on Thursday (18/9).   Deputy Chairman of MUI Fatwa Comission Prof. Amin Suma said the meeting was a follow-up on Celios’ fatwa request by inviting Celios, the mustafti or the party who asks for a fatwa, to provide a deeper explanation. […]
- [MUI to Follow Up Request for Fatwa on Ministers and Deputy Ministers’ Multiple Income from Concurrent Positions](https://danantaramonitor.org/mui-to-follow-up-request-for-fatwa-on-ministers-and-deputy-ministers-multiple-income-from-concurrent-positions/): Published on September 11, 2025, by MUI.OR.ID JAKARTA, MUI.OR.ID — The Indonesian Ulema Council (MUI) will follow up on a fatwa request from the Center for Economic and Law Studies (Celios) regarding the incomes of ministers and deputy ministers who also hold commissioner positions at state-owned enterprises (SOEs).   This was confirmed by KH Cholil Nafis, Head of Da’wah and Brotherhood at MUI. He said the council welcomed the fatwa request.   According to Kyai Cholil, every request for a fatwa from the public, referred to whom as mustafti, will always be processed through an in-depth review mechanism within MUI.   […]
- [Lawmaker Proposes BP SOE to Have an Authority to Reject Danantara’s Work Plan](https://danantaramonitor.org/lawmaker-proposes-bp-soe-to-have-an-authority-to-reject-danantaras-work-plan/): Published on September 27, 2025, by Kompas.com By Syakirun Ni’am and Dita Angga Rusian   JAKARTA, KOMPAS.com – A member of Commission VI of the House of Representatives. Rivqy Abdul Halim, said he proposes State-Owned Enterprises Regulatory Agency (BP BUMN) to have an authority to reject rowk plan set up by Danatara Investment Management Agency (BPI Danantara).   Rivqy said the proposal was mentioned during the SOE Law Revision discussion.   “We propose for BP BUMN to have the authority to confirm or reject BPI Danantara’s work plan,” Rivqy said in a written statement on Sunday.   Besides, Rivqy said BP […]
- [The Danantara bill and the SOEs Ministry in limbo](https://danantaramonitor.org/the-danantara-bill-and-the-soes-ministry-in-limbo/): Muhamad Saleh Legal Researcher at Center of Economic and Law Studies (CELIOS) The vacant seat of the SOEs Minister has once again sparked speculation about the future of the ministry. Yet, a more decisive development is unfolding through the legislative track: the draft bill on Danantara has officially been included in the 2026 National Legislation Program (Prolegnas), alongside the Patriot Bonds Bill. With its inclusion, Danantara is moving from a policy experiment to a permanent legal entity with the mandate to consolidate state ownership and investment. Questions about the relevance of the SOEs Ministry have in fact surfaced since the enactment […]
- [Indonesia Prepares for Pivotal Talks on Expanding China-Financed ‘Whoosh’ High-Speed Railway](https://danantaramonitor.org/indonesia-prepares-for-pivotal-talks-on-expanding-china-financed-whoosh-high-speed-railway/): Published on September 26, 2025, by China Global South Project By Muhammad Zulfikar Rakhmat   When the Jakarta-Bandung high-speed rail, known as the Whoosh, opened in October 2023, it quickly drew scrutiny. China provided billions in loans, KCIC—the China-Indonesia joint venture operating the line—reported losses, and parent companies like the state-owned PT Kereta Api Indonesia (KAI) absorbed significant deficits. Critics warned of a looming debt crisis and questioned the project’s financial sustainability.   As Indonesia prepares for negotiations with Chinese partners this October over extending the high-speed rail from Jakarta, the capital on the island of Java, to Surabaya, the country’s […]
- [Danantara Receives AAA Rating from Fitch, Will Rp50 Trillion Patriot Bonds be Issued Soon?](https://danantaramonitor.org/danantara-receives-aaa-rating-from-fitch-will-rp50-trillion-patriot-bonds-be-issued-soon/): Published on September 24, 2025, by Bisnis Indonesia By Dionisio Damara Tonce   Danantara Indonesia received AAA rating from Fitch as it set to issue the Rp50 trillion Patriot Bond to support the economy. This will be the first step of a strategic financing.   Bisnis.com, JAKARTA — The investment holding arm of Danantara Indonesia, PT Danantara Investment Management received AAA (idn) rating from Fitch Ratings Indonesia, which supported the issuance of Patriot Bonds worth Rp50 trillion.   Referring to an official document, this achievement marks the first validation for Danantara, which has only been operating for less than a year. […]
- [Danantara, Boeing Discuss Aircraft Deal](https://danantaramonitor.org/danantara-boeing-discuss-aircraft-deal/): Published on September 24, 2025, by Jakarta Globe By Bambang Ismoyo   Jakarta. Sovereign Wealth Fund Daya Anagata Nusantara (Danantara), led by Rosan Roeslani, met with Brendan Nelson, President of Boeing Global, in New York to discuss the procurement of aircraft for national flag carrier Garuda Indonesia.   Rosan was joined by Chief Investment Officer Pandu Sjahrir and Garuda Indonesia CEO Wamildan Tsani during the talks. “The meeting focused on strategic collaboration in developing the aviation sector,” Rosan said in a statement posted on his personal social media on Wednesday.   The agenda also covered the procurement of aircraft units for […]
- [Danantara and Patriot Bonds Bills Included in 2026 Priority National Legislation Program](https://danantaramonitor.org/danantara-and-patriot-bonds-bills-included-in-2026-priority-national-legislation-program/): 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 […]
- [A New Chapter in Garuda and Pelita Merger, Danantara Takes Over Command](https://danantaramonitor.org/a-new-chapter-in-garuda-and-pelita-merger-danantara-takes-over-command/): Published on September 16, 2025, by Bisnis.com By Dionisio Damara Tonce SOE Ministry affirmed that the merger plan between Garuda Indonesia (GIAA) and Pelita Air will be fully controlled by Danantara Indonesia through operational holding.   The Ministry of State-Owned Enterprises affirmed that the business consolidation process between state-owned airlines, including the merger between PT Garuda Indonesia (Persero) Tbk. (GIAA) and Pelita Air will be under Danantara’s control.   The SOE Minister Erick Thohir said [the ministry] will only act as the last approval provider, while the technical review and implementation process would be handled by Danantara, the operational holding company […]
- [Draw the Line: Danantara Loud Call for Renewable Investment](https://danantaramonitor.org/draw-the-line-danantara-loud-call-for-renewable-investment/): Jakarta, September 19, 2025 – Draw The Line: Reset Indonesia coalition marched from the Kendal Tunnel to the State Palace in Jakarta to demand that the government address the climate and democracy crises. This action is based on the increasingly apparent impacts of the climate crisis – reflected in 3,472 disasters throughout 2024 according to the National Disaster Management Agency (BNPB), the rising cost of living for the community, and the shrinking space for democracy. One of the banners carried by the activist read, “Danantara: Funding Progress or Funding the Problem?” a powerful demand urging the government to stop financing fossil […]
- [SOEs Ministry in limbo after latest cabinet reshuffle](https://danantaramonitor.org/soes-ministry-in-limbo-after-latest-cabinet-reshuffle/): Published on September 18, 2025, by The Jakarta Post Experts view the empty minister’s seat as evidence of the ministry’s waning purpose, as many of its former responsibilities have moved to Danantara, the country’s state asset fund now in charge of nearly 900 state firms.   By Ruth Dea Juwita    The State-owned Enterprises (SOEs) Ministry was left without a leader on Wednesday when President Prabowo Subianto reassigned Erick Thohir to the role of youth and sports minister.    State Secretary Prasetyo Hadi said the government was still weighing candidates to replace Erick and that a caretaker might be appointed in […]
- [Danantara CEO on Patriot Bond Absorption Target: 100%](https://danantaramonitor.org/danantara-ceo-on-patriot-bond-absorption-target-100-2/): Published on September 16, 2025, by Detik By Heri Purnomo   Jakarta – CEO Daya Anagata Nusantara Investment Management Agency (BPI Danantara) Rosan Roeslani targets Patriot Bond absorption to reach 100%. Through the bonds, Danantara targets to raise up to Rp50 trillion.   “100%,” Rosan said briefly when asked about Patriot Bond target after the “Gotong Royong Perumahan Warisan Bangsa” event at Balai Sarbini, Jakarta, on Tuesday (16/9).   Proceeds from Patriot Bond will be invested in waste-to-energy projects. Danantara is issuing two types of bonds: a five-year and a seven-year term, each with a 2% yield.   Conglomerates interested in […]
- [Supporting Housing Credit Program, Danantara CEO Mentions Rp25 Trillion Fund in BTN](https://danantaramonitor.org/supporting-housing-credit-program-danantara-ceo-mentions-rp25-trillion-fund-in-btn-2/): Published on September 16, 2025, by CNBC Indonesia By Romys Binekasari   Jakarta, CNBC Indonesia – The Indonesian government and lenders will soon prepare a housing-specialized People’s Business Credit Program (KUR) as part of the efforts to expand house  financing access for the public and small business owners.   Daya Anagata Nusantara Investment Management Agency (BPI Danantara) said the agency fully supports the program through state-owned lenders (Himbara) to help solving housing backlog of 15 million houses.   “That is the reason we’re giving interest subsidy of around 5.5-6% for the housing KUR, which we allocate Rp130 trillion for this year,” […]
- [Danantara’s Boss Says Pelita Air-Garuda Merger Plan Still Under Review](https://danantaramonitor.org/danantaras-boss-says-pelita-air-garuda-merger-plan-still-under-review/): Published on September 17, 2025, by Jakarta Globe By Jayanty Nada Shofa   Jakarta. The plan to merge the state-owned airline Pelita Air and the flag carrier Garuda Indonesia is still under review, according to the sovereign wealth fund Danantara, as the agency sought to boost the productivity of these airlines.   Danantara, not long ago, pitched the idea of a Pelita-Garuda merger in a hearing with the country’s lawmakers. The fund currently has all state-run enterprises under its wing, including both airlines. Pelita Air is the commercial airline subsidiary of the state-run energy giant Pertamina. Danantara’s chief executive officer Rosan […]
- [Supporting Housing Credit Program, Danantara CEO Mentions Rp25 Trillion Fund in BTN](https://danantaramonitor.org/supporting-housing-credit-program-danantara-ceo-mentions-rp25-trillion-fund-in-btn/): Published on September 16, 2025, by CNBC Indonesia By Romys Binekasari   Jakarta, CNBC Indonesia – The Indonesian government and lenders will soon prepare a housing-specialized People’s Business Credit Program (KUR) as part of the efforts to expand house  financing access for the public and small business owners.   Daya Anagata Nusantara Investment Management Agency (BPI Danantara) said the agency fully supports the program through state-owned lenders (Himbara) to help solving housing backlog of 15 million houses.   “That is the reason we’re giving interest subsidy of around 5.5-6% for the housing KUR, which we allocate Rp130 trillion for this year,” […]
- [Danantara CEO on Patriot Bond Absorption Target: 100%](https://danantaramonitor.org/danantara-ceo-on-patriot-bond-absorption-target-100/): Published on September 16, 2025, by Detik By Heri Purnomo   Jakarta – CEO Daya Anagata Nusantara Investment Management Agency (BPI Danantara) Rosan Roeslani targets Patriot Bond absorption to reach 100%. Through the bonds, Danantara targets to raise up to Rp50 trillion.   “100%,” Rosan said briefly when asked about Patriot Bond target after the “Gotong Royong Perumahan Warisan Bangsa” event at Balai Sarbini, Jakarta, on Tuesday (16/9).   Proceeds from Patriot Bond will be invested in waste-to-energy projects. Danantara is issuing two types of bonds: a five-year and a seven-year term, each with a 2% yield.   Conglomerates interested in […]
- [Danantara Shows Investment Interest in Three Vale Indonesia’s Projects](https://danantaramonitor.org/danantara-shows-investment-interest-in-three-vale-indonesias-projectsd/): Published on September 11, 2025, by  ANTARA By Uyu Septiyati Liman   Jakarta (ANTARA) – Director and Chief Project Officer PT Vale Indonesia Tbk (INCO) Muhammad Asril said Danantara Investment Management Agency has shown an interest to invest in three Vale Indonesia’s three nickel processing facilities.   He said [Vale Indonesia] is open for collaborations with stakeholders and investors to develop the three nickel processing facilities.   “I conveyed that the investment opportunity is open, and as far as I know, there are initial discussions going on regarding Danantara joining the three development projects,” Muhammad Asril said in Jakarta on Thursday […]
- [Finmin Hopes Danantara Investments Grow, Targets 980 Trillion Rupiah in 2029](https://danantaramonitor.org/finmin-hopes-danantara-investments-grow-targets-980-trillion-rupiah-in-2029/): Published on September 10, 2025, by CNBC Indonesia Jakarta, CNBC Indonesia – Finance Minister Purbaya Yudhi Sadewa hopes that the Investment Management Agency (BPI) Danantara will invest more aggressively in the future to support investment needs, which currently rely heavily on the state budget.   Danantara’s investment target stood at Rp380 trillion in 2025, with Rp490 trillion from the government and Rp6,080 trillion from the private sector. The target is set to increase to Rp720 trillion for Danantara, with Rp530 trillion from the government and Rp6,200 trillion from the private sector in 2026.   “Investments should not rely solely on the […]
- [Danantara Monitor Platform Launch: Call for Transparency and a Green Investment Roadmap](https://danantaramonitor.org/danantara-monitor-platform-launch-call-for-transparency-and-a-green-investment-roadmap/): Press Release Danantara Monitor Platform Launch: Call for Transparency and a Green Investment Roadmap   Jakarta, August 27, 2025 — Daya Anagata Nusantara Investment Management Agency (BPI Danantara Indonesia) has emerged as a central pillar of President Prabowo Subianto’s vision to create jobs and support priority programs. Since its launch in February 2025, Danantara has been tasked with consolidating and managing thousands of strategic state-owned enterprises and national assets totalling more than US$1 trillion.   For an entity managing such a significant figure, Danantara has yet to meet its commitments to transparency, accountability, impact, and transformative investing, which include a promise […]
- [Thai court says ex-premier Thaksin Shinawatra (Danantara advisor) must serve year in prison](https://danantaramonitor.org/thai-court-says-ex-premier-thaksin-shinawatra-danantara-advisor-must-serve-year-in-prison/): Published on September 9, 2025, by Al Jazeera Thailand’s Supreme Court ruled that hospital stay does not count as time served for the ex-prime minister.   By Al Jazeera and News Agencies   Thailand’s Supreme Court has ruled that former Prime Minister Thaksin Shinawatra must serve one year in prison, in a watershed case for the kingdom.   The court issued its ruling on Tuesday in a review of whether Thaksin’s stay in the private room of a police hospital from 2023 to early 2024 counted as time served towards an earlier prison sentence.   Thaksin, 76, was sentenced to eight […]
- [Danantara Prepares 33 Strategic Projects, Waste-to-Energy as Key](https://danantaramonitor.org/danantara-prepares-33-strategic-projects-waste-to-energy-as-key/): Published on September 8, 2025, by Indonesia Business Post by Julian Isaac   Indonesia’s sovereign wealth fund BPI Danantara is set to launch 33 strategic projects, one of which is a major waste-to-energy (WtE) program aimed at turning waste into renewable energy.   “The WtE regulation in the form of a Government Regulation has been completed, and the tender process will begin soon,” Danantara CEO Rosan P. Roeslani said at the House of Representatives (DPR) on September 4, 2025.   He added that several cities are ready to move forward with tenders, including Jakarta, Bandung, Bali, Semarang, Surabaya, and Makassar.   […]
- [Danantara CEO: China, Japan Interested in Giant Sea Wall Investment](https://danantaramonitor.org/danantara-ceo-china-japan-interested-in-giant-sea-wall-investment/): Published on September 9, 2025, by Bisnis.com By Akbar Evandio   Bisnis.com, JAKARTA — Chief Executive Officer of Daya Anagata Nusantara (BPI Danantara) Rosan Roeslani said the Giant Seal Wall development project has attracted the attention of several international investors.    He said the investment interest came from China, European countries such as the Netherlands, and Japan.   “[The project] welcomes [investments] from China, Europe, the Netherlands, and Jepang for the pilot project to the construction,” Rosan said after a meeting with President Prabowo Subianto at the Merdeka Palace on Monday (8/9).   According to Rosan, two Chinese companies have expressed […]
- [The Normalization of Legal Immunity for Danantara Officials](https://danantaramonitor.org/the-normalization-of-legal-immunity-for-danantara-officials/): Published on April 22, 2025, by TEMPO By Muhamad Saleh- CELIOS    The formation of Daya Anagata Nusantara Investment Management Agency, or Danantara, was based on Law No. 1 of 2025 on the Third Amendment to the State-Owned Enterprises Law. Further details on Danantara as an institution were clarified in Government Regulation No. 10 of 2025.    After establishing the institution, the government formally announced the structure of Danantara in March 2025, which includes a board of directors, a supervisory board, and an advisory board. As an entity designed to carry out operational and investment holding functions, Danantara manages assets estimated […]
- [Rosan Says Djarum Conglomerate and Prajogo Pangestu are Interested to buy Patriot Bond](https://danantaramonitor.org/rosan-says-djarum-conglomerate-and-prajogo-pangestu-are-interested-to-buy-patriot-bond/): Published on September 4, 2025, by Katadata By Muhammad Fajar Riyandaru   The Head of the Daya Anagata Nusantara Investment Management Agency (Danantara), Rosan Roeslani, said several conglomerates, including Barito Group founder Prajogo Pangestu and the owner of the Djarum Group conglomerate, are interested in purchasing Patriot Bonds.    “They’re all participating,” Rosan said at the Merdeka Palace in Jakarta on Thursday (September 4, 2025).    When asked by reporters about Prajogo Pangestu and the owner of the Djarum Group’s participation in the Patriot Bond, Rosan emphasized that both are interested. “Yes, they are interested,” Rosan said.    Danantara previously announced […]
- [Saudi Arabia, Indonesia sign several deals worth around $27 billion, state news agency says](https://danantaramonitor.org/saudi-arabia-indonesia-sign-several-deals-worth-around-27-billion-state-news-agency-says/): Published on July 3, 2025, by Reuters By Jaidaa Taha and Muhammad Al Gebaly   CAIRO, July 2 (Reuters) – Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 billion between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported on Wednesday.   Indonesian President Prabowo Subianto visited the Gulf kingdom on Wednesday and met Saudi Crown Prince Mohammed bin Salman.   The two sides also agreed to bolster cooperation in the supply of crude oil and its derivatives, improve supply chains and their sustainability in the energy field […]
- [Danantara Wants to Invest Big in the Healthcare Sector](https://danantaramonitor.org/danantara-wants-to-invest-big-in-the-healthcare-sector/): Published on September 3, 2025, by CNBC Indonesia by Intan Rakhmayanti Dewi    Jakarta, CNBC Indonesia – Danantara Indonesia is set to invest heavily in the healthcare sector. Its Managing Director of Investment, Stefanus Ade Hadiwidjaja, emphasized that healthcare is not just a cost, but a strategic investment for Indonesia.   “And one important message I want to emphasize is, healthcare is not a cost, but an investment. Let’s work together to build this sector, considering the huge opportunities in the market,” Stefanus said at the InterSystems Asia Healthcare Summit 2025 in Jakarta, Wednesday (September 3, 2025).   Investment opportunities in […]
- [Prabowo Dreams of Zero-Deficit Indonesia, Touts Danantara as Key](https://danantaramonitor.org/prabowo-dreams-of-zero-deficit-indonesia-touts-danantara-as-key/): Published on August 21, 2025, by Bisnis Indonesia   By Dionisio Damara Tonce and Dany Saputra   Bisnis.com, JAKARTA– During the House plenary session on the 2026 draft state budget held on Friday last week (15/8), President Prabowo Subianto delivered his vision of a state budget without a deficit and cited sovereign wealth fund Danantara as the key to achieving this goal.   “It is my hope, my dream, that one day, whether in 2027 or 2028, I will be able to stand before this assembly, on this podium, to announce that we have achieved a state budget with no deficit,” […]
- [KAI CEO’s Explanation on Fast Train Jumbo Debt: A Ticking Bomb](https://danantaramonitor.org/kai-ceos-explanation-on-fast-train-jumbo-debt-a-ticking-bomb/): Published on August 21, 2025, by TEMPO   KAI Management was asked not to just wait for assistance from Danantara in resolving the high-speed train debt problem.   By Dandi Bajuddin   PT Kereta Api Indonesia (Persero) CEO Bobby Rasyidin said he will coordinate with Daya Anagata Nusantara Investment Management Agency (BPI Danantara) to discuss PT Kereta Cepat Indonesia China (KCIC)’s debts.   “We’re looking into the KCIC issue in particular. It’s a ticking time bomb,” Bobby said during a hearing with the lawmakers at Commission VI of the House of Representatives (DPR) at Nusantara I Building, Parliament Complex, on Wednesday […]
- [Indonesia's Danantara Commits Rp1.5tn to Purchase Farmers' Sugar, Minister Says](https://danantaramonitor.org/indonesias-danantara-commits-rp1-5tn-to-purchase-farmers-sugar-minister-says/): Published on August 22, 2025, by TEMPO English   By Alfitria Nefi P   TEMPO.CO, Jakarta – Minister of Agriculture Amran Sulaiman said the Indonesian government is coordinating with the sovereign wealth fund Danantara to allocate funds aimed at buying farmers’ sugar. “Our initial plan is to set aside Rp1.5 trillion, which I believe is sufficient,” said Amran to reporters at the Parliament Building in Jakarta on Thursday night, August 21, 2025. Amran mentioned that the funds will be injected into the state-owned enterprise (SOE) in the food sector, ID Food. ID Food will use the funds to buy up farmers’ […]
- [Danantara’s Ready to Expedite Investments, To Start with a Focus on Local Projects](https://danantaramonitor.org/danantaras-ready-to-expedite-investments-to-start-with-a-focus-on-local-projects/): Published on August 20, 2025, by Kontan.co.id   By Arif Ferdianto   KONTAN.CO.ID – JAKARTA. Chief Executive Officer (CEO) of Danantara Investment Management Agency (BPI Danantara) Rosan P. Roeslan said the Commission XI of the House of Representatives (DPR) has approved the company’s budget plan. Next, Danantara is ready to accelerate its investments. “We conveyed our last presentation more comprehensively. We went deep into our  Danantara Investment Management 2025 Budget Plan. Thank God, after going through several meetings previously, [the budget] has been approved by the Commission XI,” he said at the parliament on Tuesday (August 19, 2025). Rosan said BPI […]
- [Civil Society Coalition Reports 2 Ministers and 33 Deputy Ministers to KPK for Holding Dual Positions](https://danantaramonitor.org/civil-society-coalition-reports-2-ministers-and-33-deputy-ministers-to-kpk-for-holding-dual-positions/): Published on August 20, 2025, by KOMPAS   By Willy Medi Christian Nababan   Published on August 20, 2025, by KOMPAS   Civil Society Coalition Reports 2 Ministers and 33 Deputy Ministers to KPK for Holding Dual Positions   By Willy Medi Christian Nababan   JAKARTA, KOMPAS — A coalition of civil society organizations reported alleged corruption involving two ministers and 33 deputy ministers to the Corruption Eradication Commission (KPK) on Wednesday (August 20, 2025). The report is based on the practice of these officials holding dual positions as commissioners within state-owned enterprises (SOEs), which is deemed not only to violate […]
- [Danantara CEO Reviews 10 Options for Hajj Villages in Makkah](https://danantaramonitor.org/danantara-ceo-reviews-10-options-for-hajj-villages-in-makkah/): Published on August 14, 2025, by Tirto.id   This project is hoped to become an official and permanent facility owned by Indonesia in Makkah, which covers accommodation and manasik training rooms.     By Hendra Friana   tirto.id – Danantara Indonesia CEO Rosan Roeslani reviewed more than 10 land options and three major projects in Makkah, Saudi Arabia, as candidates for the development of a Hajj Village. This visit was mandated by President Prabowo Subianto to oversee the planned development of a service and accommodation center for Indonesian Hajj and Umrah pilgrims in the Holy Land.   “This visit is a mandate […]
- [Prabowo Channels Architect of China’s Economic Rise in Push for Legacy](https://danantaramonitor.org/prabowo-channels-architect-of-chinas-economic-rise-in-push-for-legacy/): Published on August 15, 2025, by Bloomberg   By Faris Mokhtar and Grace Sihombing   At private dinners with family and confidants, Indonesian President Prabowo Subianto often speaks admiringly of historical figures like Abraham Lincoln, Nelson Mandela and Mahatma Gandhi.   Yet one name stands above the rest: Deng Xiaoping. According to people who have heard the president speak at intimate gatherings, Prabowo reveres Deng both for breaking with party orthodoxy to propel China’s economic miracle and for his resilience — cast aside for years, yet taking power at the age of 74.   “What I admire about him is his […]
- [Indonesia eyes 'sovereign AI fund' to drive development, document shows](https://danantaramonitor.org/indonesia-eyes-sovereign-ai-fund-to-drive-development-document-shows/): Published on August 11, 2025, by Reuters   By Stanley Widianto   JAKARTA, Aug 11 (Reuters) – Authorities overseeing the development of artificial intelligence in Indonesia have proposed a “sovereign AI fund” to finance the archipelago’s ambitions to become a regional hub for the fast-growing technology, a government document showed. Last month, Reuters reported that Southeast Asia’s largest economy would release its first national roadmap on AI in a bid to attract foreign investment as it looks to join the global AI and chip-making race. The race has seen neighbouring Malaysia secure billions of dollars from global tech firms seeking to […]
- [Prabowo Promises Danantara Will Open Millions of Jobs](https://danantaramonitor.org/prabowo-promises-danantara-will-open-millions-of-jobs/): Published on August 15, 2025, by CNBC Indonesia   By Emir Yanwardhana   Jakarta, CNBC Indonesia — President Prabowo Subianto mentioned the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) at the 2025 People Consultative Assembly (MPR) Annual Session and the Joint Session of the House of Representatives (DPR) and the Regional Representative Council (DPD) on Friday (August 15, 2025). He said Danantara was formed to attract investments and expedite efforts to add value to natural resources and other strategic sectors. These are intended to open high quality job opportunities. “Danantara is an investment management agency which manages more than US$ […]
- [Danantara Official Opens Up on SOEs Business Review Plan](https://danantaramonitor.org/danantara-official-opens-up-on-soes-business-review-plan/): Published on August 15, 2025, by CNBC Indonesia By Verda Nano Setiawan   Jakarta, CNBC Indonesia – The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) revealed several steps they will take to review the businesses of state-owned enterprises (SOEs). “First, a fundamental business review. We need to communicate this to every SOEs and their subsidiaries totalling 1,046. Ninety-seven percent of SOE dividends came from just eight companies, and 52% of SOEs are making losses, totaling approximately Rp50 trillion annually. This is our homework,” said Dony Oskaria, COO of Danantara, during a Special Talkshow – Financial Note & 2026 Draft State […]
- [1,046 State-Owned Enterprises to be Reduced to 228](https://danantaramonitor.org/1046-state-owned-enterprises-to-be-reduced-to-228/): Published on August 15, 2025, by Detik   By Ignacio Geordi Oswaldo   Jakarta – Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has planned to cut the number of state-owned enterprises (SOEs) from 1,046 currently to 228 in a bid to improve governance as instructed by President Prabowo Subianto. Chief Operating Officer (COO) Danantara Dony Oskaria said the huge number of SOEs does not immediately translated into a higher state revenue. In many cases, the government has to instead cover a significant amount of losses every year. “We need to communicate that 97% dividends from the SOEs came from eight […]
- [Danantara asks TELKOM to reduce its subsidiaries from 60 to 22 companies](https://danantaramonitor.org/danantara-asks-telkom-to-reduce-its-subsidiaries-from-60-to-22-companies/): Published 12 August 2025 IDN Financials JAKARTA – PT Telkom Indonesia (Persero) Tbk (TLKM) plans to consolidate its subsidiaries with a focus on three main business lines. This is in line with the request of the Investment Management Agency (BPI) Danantara to streamline TLKM’s structure by reducing its 60 subsidiaries to just 22. This structural simplification is expected to make TLKM more agile amidst the intense competition in the telecommunications industry. TLKM itself is targeting completion of the streamlining process by the end of 2027. Telkom’s Director of Finance and Risk Management, Angelo Syailendra, explained that TLKM’s 60 subsidiaries currently consist […]
- [State-owned enterprises: Between legal protection and public accountability](https://danantaramonitor.org/state-owned-enterprises-between-legal-protection-and-public-accountability/):   The recent revision of the State-Owned Enterprises (SOEs) Law through Law No. 1/2025 reflects a classic dilemma for any state that manages public corporations: whether to shield managers from business risks or to ensure strong accountability in governance.  The newly revised regulation leans more toward legal protection, even verging on legal immunity, rather than addressing the root causes that have long undermined the performance and integrity of SOEs. The government’s rationale is clear. It believes that the Anti-Corruption Law is too aggressive when applied to the business sector, resulting in the overcriminalization of SOE officials even when they merely face […]
- [Danantara's initial bets spark transparency, interference concerns](https://danantaramonitor.org/danantaras-initial-bets-spark-transparency-interference-concerns/): Published on August 12, 2025, by DealStreetAsia by Gita Rossiana edited by: Joymitra Rai   Indonesia’s sovereign wealth fund Danantara has hit the ground running since its launch in February 2025, investing in a number of local companies while facilitating other significant transactions. Although its financial support is widely seen as crucial for distressed businesses and major projects, analysts have raised concerns over transparency and potential political interference in its investment decisions. Danantara’s first big move came on June 17, when it partnered with the Indonesia Investment Authority (INA) to back PT Chandra Asri Pacific Tbk’s $800-million chlor alkali-ethylene dichloride (CA–EDC) […]
- [Danantara May Partners with China to Acquire GNI Smelter](https://danantaramonitor.org/danantara-may-partners-with-china-to-acquire-gni-smelter/): Published on August 12, 2025, by Bloomberg Technoz By Azura Yumna Ramadani Purnama   Bloomberg Technoz, Jakarta – The Indonesian Nickel Miners Association (APNI) said Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has the opportunity to form a consortium with a Chinese company to acquire PT Gunbuster Nickel Industry (GNI)’s nickel smelter. APNI Mining Advisory Board Member Djoko Widajatno said the news on Danantara acquiring GNI smelter is still in development. He said Danantara is still waiting for a green light from the authorities and the due diligence process. “This process is currently in evaluation and due diligence phase, with […]
- [OJK Leaks Danantara’s Plan to Merge Financial and Non-financial SOEs](https://danantaramonitor.org/ojk-leaks-danantaras-plan-to-merge-financial-and-non-financial-soes/): Published on August 13, 2025, by Detik By Anisa Indraini    Jakarta — Daya Anagata Nusantara Investment Management Agency (BPI Danantara) plans to merge financial and non-financial state-owned enterprises, said Indonesia’s FInancial Services Authority (OJK). OJK Chief Mahendra Siregar said he supports the merger plan because such a consolidation can create a larger business scale and improve operational efficiency. “We have indeed received and have been informed of Danantara’s plan to comprehensively consolidate similar companies under its supervision, both in the financial and non-financial sectors,” he said as quited by detikFinance on Tuesday (12/8/2025). He said the mergers of SOEs would […]
- [Indonesia-Qatar ties evolve into strategic collaboration, says business council official](https://danantaramonitor.org/indonesia-qatar-ties-evolve-into-strategic-collaboration-says-business-council-official/): Published on August 10, 2025, by Gulf Times by Peter Alagos   The Indonesia-Qatar Business Council (IQBC) has lauded the robust relations forged by leaders of the Southeast Asian nation and Qatar, which are “evolving into a strategic bridge connecting both countries through capital, knowledge, and shared vision.” IQBC president Hendra Hartono Turman told Gulf Times in a statement that 2025 has ushered in “a new chapter” in bilateral relations, “transforming cordial ties into a high-impact strategic partnership.” According to Turman, both countries have forged a strategic alliance “for a new economic era,” following the launch of a multi-billion-dollar joint fund, […]
- [Danantara Speaks Up on Healthcare SEZ with Sentul City](https://danantaramonitor.org/danantara-speaks-up-on-healthcare-sez-with-sentul-city/): Published on August 11, 2025 by Bisnis Indonesia by Anggara Pernando & Dionisio Damara Tonce Sovereign Wealth Fund Daya Anagata Nusantara (Danantara) Indonesia stated that there was no formal agreement with PT Sentul City Tbk (BKSL) regarding the development of a healthcare-focused special economic zone.  Chief Investment Officer (CIO) Danantara Indonesia Pandu Sjahrir said the circulating information is a third-party interpretation based on market analysis and is not an official announcement. “Currently, there is no formal agreement between the two parties,” Pandu said in a written statement on Monday, August 11, 2025. As a state investment fund management institution, Pandu emphasised […]
- [Danantara to pour Rp 1.5t into buying farmers’ sugar ](https://danantaramonitor.org/danantara-to-pour-rp-1-5t-into-buying-farmers-sugar/): Published on August 11, 2025, by The Jakarta Post by Ni Made Tasyarani The government has tasked Danantara with financing a range of projects, from overhauling underperforming fish farms along Java’s northern coast to reviving long-stalled waste-to-energy (WtE) projects. State asset fund Danantara is set to disburse Rp 1.5 trillion (US$92.25 million) to purchase unsold sugar stored in factory warehouses, according to the industry association.  Herman Fauzi, secretary of the Indonesian Sugarcane Farmers Association (APTRI) in the Assembagoes subdistrict of Situbondo, East Java, said Danantara had pledged the funds following talks with the Coordinating Food Minister and Coordinating Economy Minister.  “Last […]
- [Agrinas Chief Steps Down: Mentions Danantara’s Role](https://danantaramonitor.org/agrinas-chief-steps-down-mentions-danantaras-role/): Published on August 11, 2025, by TEMPO by Alif Ilham Rajriadi President Director of PT Agrinas Pangan Nusantara, Joao Angelo De Sousa Mota, resigned. He mentioned Danantara’s role. Why? Indonesia’s state-owned food company PT Agrinas Pangan Nusantara President Director Joao Angelo De Sousa Mota resigned from his position as a high-ranking official at the company because he felt he had failed to achieve food security. “I feel ashamed and deeply responsible for everything that happened over the past six months,” Joao said in his office in East Jakarta on Monday, August 11, 2025. Joao said he had a grand vision in […]
- [What are the risks if Danantara finances the high-speed rail debt?](https://danantaramonitor.org/what-are-the-risks-if-danantara-finances-the-high-speed-rail-debt/): Published on August 8, 2025 by TEMPO   by Han Revanda Putra   Danantara will restructure the debt on the Jakarta-Bandung high-speed rail project, also known as Whoosh. It faces a dilemma between commercial and political mandates.   Indonesian sovereign wealth fund Daya Anagata Nusantara, or Danantara,  plans to restructure the Jakarta-Bandung high-speed rail project debt. This restructuring, or change in payment procedures and debt repayment scheme, is one of Danantara’s programs in its 2025 Corporate Work Plan and Budget.   Investment and Downstream Minister/head of the Investment Coordinating Board (BKPM) Rosan Roeslani said he is evaluating this restructuring step. He […]
- [Danantara Need to Read SEA Report on SOE Bank Financing The Climate Crisis](https://danantaramonitor.org/danantara-need-to-read-sea-report-on-soe-bank-financing-the-climate-crisis/): CEED published the scorecard, the first comprehensive assessment of its kind in the region, together with the Center for Economic and Law Studies (CELIOS), Energy Shift Southeast Asia, the People’s Coalition for the Rights to Water (KRuHA), RimbaWatch, and Wahana Lingkungan Hidup Indonesia (WALHI). The report evaluates 35 major banks’ climate policies and fossil fuel financing. It highlights a persistent gap between the sustainability rhetoric of banks. The domestic banks that financed the most downstream coal were from countries with significant operational capacity added after the Paris Agreement: Indonesia, Vietnam, the Philippines, and Malaysia. 2025 SEA Scorecard  
- [Danantara, INA Partner French Miner Eramet to Boost Investments in Nickel Sector](https://danantaramonitor.org/danantara-ina-partner-french-miner-eramet-to-boost-investments-in-nickel-sector/): May 28, 2025 Indonesia’s sovereign wealth funds, Danantara Indonesia and the Indonesia Investment Authority (INA), have teamed up with French mining giant Eramet to create a new investment platform to invest in the country’s nickel sector, according to a statement on Wednesday. The initiative aims to strengthen Indonesia’s position in the global electric vehicle (EV) battery supply chain by building a sustainable and integrated raw materials ecosystem. Under the agreement, Danantara and INA will manage long-term financing, while Eramet will contribute its technical expertise in mining and downstream operations. ‍ CEO of INA Ridha Wirakusumah described the deal as a “strategic milestone” […]
- [Danantara will open a corporate university, aiming for completion in 2 years](https://danantaramonitor.org/danantara-bakal-buka-universitas-korporat-bidik-rampung-dalam-2-tahun/): Published on July 29, 2025 Author: Imamatul Silfia Editor: Budisantoso Budiman Jakarta (ANTARA) – Pandu Sjahrir, Chief Investment Officer (CIO) of the Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia), plans to open a corporate university, the Danantara Indonesia Academy, with completion targeted within the next two years. “In the next two years, we want to create a world-class university,” Pandu said at the ImpactPreneurs Summit 2025 in Jakarta on Tuesday. He explained that his office will consolidate all corporate universities within state-owned enterprises. The Danantara Indonesia Academy will offer both general learning and specialized learning. Currently, preparations for the Danantara […]
- [Strategic Investment, Danantara Partners with Credit Agricole CIB](https://danantaramonitor.org/investasi-strategis-danantara-kerja-sama-dengan-credit-agricole-cib/): Published on July 29, 2025 Author: Romys Binekasri Jakarta, CNBC Indonesia – Danantara Indonesia is collaborating with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) to establish a strategic cooperation framework to accelerate investment and sustainable development in various priority sectors in Indonesia. The collaboration is carried out through a Memorandum of Understanding (MoU). The signing took place during the Indonesia-France Business Forum, which was held in conjunction with French President Emmanuel Macron’s state visit to Indonesia. Danantara Indonesia Chief Investment Officer Pandu Sjahrir said this agreement reflects a shared commitment to mobilizing capital and expertise to support Indonesia’s long-term […]
- [Danantara CEO Meets Sri Mulyani and Ready to Issue Bonds for 33 Projects](https://danantaramonitor.org/bos-danantara-temui-sri-mulyani-siap-terbitkan-obligasi-buat-33-proyek/): Author: Wiji Nur Hayat Jakarta, CNBC Indonesia – Finance Minister Sri Mulyani met with Rosan Perkasa Roeslani, CEO of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara). During the meeting, Sri Mulyani stated that they discussed concrete steps to encourage the realization of public investment, including financing strategies through the option of issuing Danantara bonds. “The discussion focused on plans for 33 strategic projects, with five priority projects located in several cities,” Sri Mulyani stated, as quoted from her Instagram account @smindrawati, Wednesday (July 30, 2025). According to Sri Mulyani, during the meeting, the two agreed to work on strategic […]
- [Danantara Not Yet Submitted a Consolidation Proposal for State-Owned Insurance and Reinsurance Companies to the Financial Services Authority (OJK).](https://danantaramonitor.org/danantara-belum-ajukan-konsolidasi-bumn-asuransi-dan-reasuransi-ke-ojk/): Published on August 5, 2025 Authors: Isna Rifka Sri Rahayu, Teuku Muhammad Valdy Arief JAKARTA, KOMPAS.com – The Financial Services Authority (OJK) has not yet received an official application from the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) for the consolidation of state-owned insurance and reinsurance companies. OJK’s Head of Insurance, Guarantee, and Pension Fund Supervision, Ogi Prastomiyono, stated that until official documents are received from BPI Danantara, the OJK cannot process the consolidation. This consolidation will involve three companies: PT Reasuransi Indonesia Utama (Persero) or Indonesia Re, PT Reasuransi Nasional Indonesia or NasRe, and PT Tugu Reasuransi Indonesia or […]
- [Danantara facilitates Pertamina and PLN to develop geothermal energy](https://danantaramonitor.org/danantara-fasilitasi-pertamina-dan-pln-kembangkan-energi-panas-bumi/): Author: Muhammad Heriyanto Published on August 5, 2025 Editor: Kelik Dewanto Jakarta (ANTARA) – The Anagata Nusantara Investment Management Agency (Danantara Indonesia), through PT Danantara Asset Management (Persero), is facilitating cooperation between PT Pertamina (Persero) and PT PLN (Persero) in geothermal development. Danantara Indonesia is facilitating cooperation in geothermal energy development for power generation as part of the national energy security agenda and accelerating the transition to clean energy. Danantara Indonesia Chief Executive Officer (CEO) Rosan Roeslani, in an official statement in Jakarta on Tuesday, stated that geothermal energy development is a national strategic agenda to strengthen energy security and encourage […]
- [Danantara's Agile Maneuvers in the Chandra Asri (TPIA) & Pertamina (PGEO) Projects](https://danantaramonitor.org/manuver-lincah-danantara-di-proyek-chandra-asri-tpia-pertamina-pgeo/): Author: Dionisio Damara Tonce Published on August 6, 2025 Editor: Ibad Durrohman Bisnis.com, JAKARTA — Danantara Indonesia is increasingly aggressively expanding its investment strategy following its involvement in two projects owned by PT Chandra Asri Pacific Tbk. (TPIA) and PT Pertamina Geothermal Energy Tbk. (PGEO). In the Chandra Asri project, Danantara, together with the Indonesia Investment Authority (INA), will be involved in the Chlor Alkali–Ethylene Dichloride (CA-EDC) plant project, which has an investment value of US$800 million or approximately Rp13 trillion. This facility will strengthen the production capacity of caustic soda and ethylene dichloride, vital raw materials for the nickel, alumina, […]
- [Danantara CEO Discusses High Speed Railway Debt Restructuring Plans](https://danantaramonitor.org/bos-danantara-bicarakan-rencana-restrukturasi-utang-whoosh/): Author: Sultan Ibnu Affan Bloomberg Technoz, Jakarta – The Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia) stated that it is currently evaluating the planned debt restructuring for the Jakarta-Bandung High-Speed Rail (KCJB) project. “Yes, we are also evaluating this [high-speed rail debt restructuring], and we want to ensure that it can be done,” said Rosan Perkasa Roeslani, Minister of Investment and Downstream Development/Head of the Investment Coordinating Board (BKPM) and CEO of Danantara, on Tuesday (August 5, 2025). Rosan also stated that his agency wants to ensure that Danantara’s planned corporate action can be completed. “So it’s not just a […]
- [Pros and Cons of Eliminating Bonuses for Commissioners and Directors of State-Owned Enterprises](https://danantaramonitor.org/untung-rugi-penghapusan-tantiem-komisaris-dan-direksi-bumn/): TEMPO.CO, Jakarta – The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has just issued regulations regarding bonuses and incentives for members of the board of commissioners and directors of state-owned enterprises (BUMN) and their subsidiaries. The regulations include a clause prohibiting commissioners from receiving bonuses and incentives in any form derived from the performance of state-owned enterprises. Danantara Indonesia Chief Executive Officer Rosan Roeslani signed a letter numbered S-063/DI-BP/VII/2025, which regulates bonuses, incentives, and other forms of income for commissioners and directors of state-owned enterprises. This policy is described as an effort to implement good corporate governance standards at the […]
- [Indonesian banks disburse US$7.2 B for coal industry amid climate crisis: Report](https://danantaramonitor.org/indonesian-banks-disburse-us7-2-b-for-coal-industry-amid-climate-crisis-report/): Amid growing concerns over the escalating climate crisis, Indonesian banks have poured over US$7.2 billion to finance the coal sector between 2021 and 2024, a report has revealed. A new report of the #BersihkanBankmu Coalition, titled “Funding the Climate Crisis: How Banks in Indonesia Support Coal Financing”, underscores the continued financial support for coal companies, while revealing that five major national banks accounted for US$5.6 billion of the total US$7.2 billion. Bank Mandiri was the largest contributor with US$3.2 billion, followed by Bank Rakyat Indonesia (BRI) with US$809.5 million, Bank Negara Indonesia (BNI) US$719.6 million, Bank Central Asia (BCA) US$451 million, […]
- [Qatar and Indonesia must channel their $4 billion fund into renewable energy](https://danantaramonitor.org/qatar-and-indonesia-must-channel-their-4-billion-fund-into-renewable-energy/): In April 2025, a pivotal agreement marked a new chapter in Indonesia–Qatar relations. Danantara, Indonesia’s newly established sovereign wealth fund, and the Qatar Investment Authority (QIA), one of the most powerful state-owned investors in the Middle East, established a joint investment fund worth $4 billion—$2 billion from each party. This collaboration, announced after a state visit by President Prabowo Subianto to Doha and a bilateral meeting with Emir Sheikh Tamim bin Hamad Al-Thani, is being rightly celebrated as a milestone in South–South cooperation and a testament to growing confidence in Indonesia’s institutional maturity. But to be truly transformational, this partnership must be guided […]
- [Indonesia’s Danantara and the New Development Bank: A Collaborative Pathway to Climate Finance](https://danantaramonitor.org/indonesias-danantara-and-the-new-development-bank-a-collaborative-pathway-to-climate-finance/): Indonesia generates over 60% of its electricity from coal, yet it has pledged to reach net-zero emissions by 2060. Meeting this goal demands more than bold statements: it requires large-scale infrastructure, substantial capital, and financial models that honor Indonesia’s autonomy. That’s where the New Development Bank (NDB) and Danantara, the country’s new sovereign wealth fund, come into play—offering not just new funding, but also greater control for Indonesia. The NDB was established by the BRICS nations in 2015 to finance sustainable infrastructure. It plans to allocate 40% of its portfolio to clean-energy projects through 2026. Since Indonesia estimates it needs over US $200 billion in green-energy investment, tapping into NDB funding […]
- [How China Can Capitalize on Indonesia’s New $900 Billion Investment Fund](https://danantaramonitor.org/how-china-can-capitalize-on-indonesias-new-900-billion-investment-fund/): China has a prime opportunity to expand its economic presence in Indonesia through the newly established Daya Anagata Nusantara Investment Board (Danantara). Announced by President Prabowo Subianto, Danantara will manage $900 billion in assets, consolidating key state-owned enterprises (SOEs) into a centralized investment body. For China, this creates an opening to strengthen its influence in Indonesia’s evolving economy, particularly in renewable energy, where Chinese expertise and investment could play a transformative role. Modeled after Temasek Holdings (Singapore) and Khazanah Nasional (Malaysia), Danantara aims to streamline SOE assets and direct investments into strategic industries. Its success will depend on foreign capital and expertise, making China […]
- [Danantara Will Lead the Hajj Village Project in Saudi Arabia](https://danantaramonitor.org/danantara-will-lead-the-hajj-village-project-in-saudi-arabia/): BPI Danantara will lead the Hajj Village development project in Saudi Arabia. “Because this could be commercial as well, we can explore the combination, but we, Danantara, will lead this,” said BPI Danantara CEO and Minister of Investment and Downstreaming, Rosan Perkasa Roeslani, at the Presidential Palace Complex, Central Jakarta, Wednesday (July 30). Rosan stated that the development of the Hajj Village aims to ensure that Hajj and Umrah pilgrims can perform their religious duties optimally. Original link CNN Indonesia  
- [Indonesia-Russia launch 2 billion euro joint investment platform](https://danantaramonitor.org/indonesia-russia-launch-2-billion-euro-joint-investment-platform/): Jakarta (ANTARA June 20,2025) – Indonesian Investment Management Agency (Danantara) and Russian Direct Investment Fund (RDIF) announced the launch of a joint Russia-Indonesia Investment Platform (RIDNIP), with an initial capital of 2 billion euros. The agreement on its formation was signed between RDIF CEO Kirill Dmitriev and Danantara CEO Rosan Roeslani on the sidelines of the 2025 St. Petersburg International Economic Forum (SPIEF) on Thursday (June 19). “Partnership with RDIF marks an important step in advancing Danantara Indonesia’s strategy to mobilize capital for Indonesia’s long-term national priorities,” Roeslani noted according to the written statement on Friday. Through RIDNIP, Danantara will provide […]
- [Legal Issues and Risks in the Regulation of the Establishment of Danantara](https://danantaramonitor.org/legal-issues-and-risks-in-the-regulation-of-the-establishment-of-danantara/): CELIOS has just released a BRIEF ANALYSIS examining various legal issues in the regulation of the Investment Management Agency (BPI) Danantara. As a newly established super-holding entity, Danantara’s formation under Law No. 1 of 2025 and Government Regulation No. 10 of 2025 raises concerns about potential conflicts of interest, regulatory weaknesses, and a lack of oversight mechanisms. ???? Key Findings by CELIOS: ⚠ Ministers Holding Dual Positions → Violates the State Ministry Law and risks creating conflicts of interest. ⚠ Danantara’s Losses Not Categorized as State Finances → Contradicts the Anti-Corruption Law and creates moral hazard risks. ⚠ Lack of Oversight → The Supervisory Committee is optional and can be […]
- [INDONESIA’S ACCESSION TO THE OECD: A Recommendation to Improve Indonesian Regulatory and Institutional Framework in the Energy and Environmental Sector](https://danantaramonitor.org/indonesias-accession-to-the-oecd-a-recommendation-to-improve-indonesian-regulatory-and-institutional-framework-in-the-energy-and-environmental-sector/): ???? Indonesia’s Accession to the OECD: A Call for Regulatory Reform Indonesia’s bid to join the OECD presents a crucial opportunity to align its environmental and energy governance with international standards. This collaborative report by CELIOS and ICEL presents a Regulatory Gap Analysis that identifies major discrepancies between Indonesia’s legal framework and OECD instruments. ???? Key Findings on Regulatory Gaps ✅ Regulatory Reform:The Environmental Impact Assessment (EIA) framework remains exclusionary and lacks meaningful public participation, particularly for Indigenous Peoples. The Free, Prior, and Informed Consent (FPIC) process is not legally guaranteed. EIAs often overlook cumulative and long-term impacts especially in coal mining areas. ✅ Internalizing Environmental and Social Costs:Energy pricing fails […]
- [Expert Testimony by CELIOS in the Formal Review Process of Law Number 1 of 2025 on State-Owned Enterprises, which Regulates the Sovereign Wealth Fund Danantara, at the Constitutional Court.](https://danantaramonitor.org/expert-testimony-by-celios-in-the-formal-review-process-of-law-number-1-of-2025-on-state-owned-enterprises-which-regulates-the-sovereign-wealth-fund-danantara-at-the-constitutional-court/): On July 16, 2025, Bhima Yudhistira Adhinegara, Executive Director of CELIOS and Bivitri Susanti, Lecturer at STH Jentera, delivered expert economic testimony in the formal judicial review of Law Number 1 of 2025 on the Third Amendment to the State-Owned Enterprises Law at the Constitutional Court. In his statement, Bhima highlighted the lack of meaningful public participation, limited access to legislative documents, and the risks posed by the transfer of public funds to the Sovereign Wealth Fund (SWF) Danantara. He emphasized the need for transparency, accountability, and the involvement of key stakeholders such as the Audit Board of Indonesia (BPK) and public investors […]
- [Danantara Injects Rp6.65tn in Capital into Garuda Indonesia via Shareholder Loan](https://danantaramonitor.org/danantara-injects-rp6-65tn-in-capital-into-garuda-indonesia-via-shareholder-loan/): June 25, 2025 Reporter Joniansyah TEMPO.CO, Jakarta – PT Danantara Asset Management (Persero) or DAM, a part of the Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia), is providing initial support to national flag-carrier PT Garuda Indonesia (Persero) Tbk. in the form of a shareholder loan totaling Rp6.65 trillion. This initial fund injection is earmarked for maintenance, repair, and overhaul (MRO) needs, forming part of a larger funding support package worth approximately US$1 billion, or around Rp16.3 trillion, assuming an exchange rate of Rp16,328 per US dollar. Dony Oskaria, Chief Operating Officer (COO) of Danantara Indonesia, stated that this step is a new approach in the company’s […]
- [Hedge fund manager Ray Dalio remains as adviser to Indonesia’s Danantara, quashes exit rumours](https://danantaramonitor.org/hedge-fund-manager-ray-dalio-remains-as-adviser-to-indonesias-danantara-quashes-exit-rumours/): Ray Dalio, founder of hedge fund giant Bridgewater Associates, has reaffirmed his ongoing role as a voluntary adviser to Indonesia’s sovereign wealth fund, Daya Anagata Nusantara (Danantara), following speculation over his possible departure. In a joint statement issued on Wednesday (Jun 4), Dalio and Danantara clarified that there has been no change in their partnership. Dalio will remain an informal, unpaid adviser to both the fund and Indonesian President Prabowo Subianto. “I remain a strong supporter of Danantara Indonesia’s mission,” Dalio said. “My commitment to advise its leadership and President Prabowo remains unchanged – informal, voluntary and unpaid.” His comments followed […]
- [Indonesian and Chinese wealth funds sign investment pact, report says](https://danantaramonitor.org/indonesian-and-chinese-wealth-funds-sign-investment-pact-report-says/): Indonesian sovereign wealth fund Danantara and China Investment Corp (CIC) have signed an investment agreement. The pact was signed during Chinese Premier Li Qiang’s visit to Jakarta on May 25 in a ceremony witnessed by Li and Indonesian President Prabowo Subianto, Bloomberg reports on May 25. Details of the agreement were not disclosed. Spokespersons for Danantara and CIC, China’s sovereign wealth fund, did not immediately respond to questions from Asia Asset Management. Meanwhile, during a visit to Beijing last week, Luhut Binsar Pandjaitan, chairman of Indonesia’s National Economic Council, proposed the formation of a joint US$2 billion fund between Danantara and China […]
- [State Budget Faces Major Shortfall as SOE Dividends Shift to Danantara](https://danantaramonitor.org/state-budget-faces-major-shortfall-as-soe-dividends-shift-to-danantara/): The Indonesian government has begun to experience a sharp decline in dividend revenue from state-owned enterprises (SOEs), with the Finance Ministry confirming on Thursday that tens of trillions of rupiah in expected payouts are now being redirected to the newly established sovereign wealth fund, Danantara. According to Deputy Finance Minister Suahasil Nazara, the most recent dividend payment received by the state budget was Rp 10.8 trillion ($665 million), transferred by Bank Rakyat Indonesia (BRI) in January. Since then, dividend inflows have effectively ceased. “Compared to the first quarter of 2024, this year’s dividend revenue has fallen 74.6 percent,” Suahasil told lawmakers […]
- [Indonesia, Qatar to create $4 bln joint fund investing in Indonesia](https://danantaramonitor.org/indonesia-qatar-to-create-4-bln-joint-fund-investing-in-indonesia/): JAKARTA, April 15 (Reuters) – Sovereign wealth fund Danantara Indonesia said it will form a $4 billion joint fund with the Qatar Investment Authority that will focus on investment in Southeast Asia’s largest economy. The fund will focus on projects in downstream industries, or industries that process Indonesian commodities, as well as renewables and health facilities and other relevant sectors, such as technology, Danantara said in a statement on Tuesday. Indonesia and Qatar will each commit $2 billion to the fund, it said.
- [Indonesia Investment Authority accepted as a full member of IFSWF](https://danantaramonitor.org/indonesia-investment-authority-accepted-as-a-full-member-of-ifswf/): Jakarta (ANTARA) – The Indonesia Investment Authority (INA) has been accepted as a full member of the International Forum of Sovereign Wealth Funds (IFSWF), a global network of Sovereign Wealth Funds (SWFs) or investment management institutions, with members from more than 40 countries. In an official statement received in Jakarta on Monday, Ridha Wirakusumah, Chairman of the INA Board of Directors, said that they are honored to be accepted as a full member of the IFSWF. INA is committed to upholding global governance standards and prudent investment practices established by the Santiago Principles. “This aligns with our mission to optimize value-added […]
- [ICW: Trends of Criminal Investigation Against Corruption in State-Owned Enterprises](https://danantaramonitor.org/tii-trends-of-criminal-investigation-against-corruption-in-state-owned-enterprises/): Published on April 21, 2022, by Indonesia Corruption Watch   The Indonesia Corruption Watch (ICW) released a study titled “Trends of Criminal Investigation Against Corruption in State-Owned Enterprises in 2016-2021” in a bid to register corruption cases among SOEs under investigation by the law enforcer throughout 2016-2021.   The study is intended to map out the critical points of corruption practices within SOEs. Moreover, this study began from an assumption that the goal of creating SOEs is  for these enterprises to bear the function of public service and as the source of state revenue. Still, corruption remains as the main hurdle […]
- [Danantara Bets $1 Billion on Private Credit with Partners Group](https://danantaramonitor.org/danantara-bets-1-billion-on-private-credit-with-partners-group/): Published by Bloomberg on August 27, 2026 Indonesian sovereign wealth fund Danantara has given a $1 billion private credit mandate to Swiss asset manager Partners Group, according to people familiar with the matter, one of its largest investments as it taps the lucrative global private markets. Danantara gave Partners Group $600 million to invest in direct lending opportunities and another $400 million as a discretionary tranche that will be managed by Partners as well as co-investment capital, said the people who asked not to be identified discussing private matters Danantara CIO Pandu Sjahrir confirmed the investment. Disclaimer: This is not the […]
- [Bahlil Opens Opportunity for Danantara to Work On 100 GW Solar Power Project](https://danantaramonitor.org/bahlil-opens-opportunity-for-danantara-to-work-on-100-gw-solar-power-project/): Published by IDX Channel on August 25, 2026 Minister of Energy and Mineral Resources Bahlil Lahadalia said the 100 gigawatt peak (GWp) Solar Power Plant will attract private investments. However, if the project lacks appetite from the private sector, Bahlil said, Danantara will tackle it. “If the price is competitive, we will award it to an IPP; if it is not competitive and there are no takers, the government will take over the project—executing it through Danantara with financing that aligns with the President’s directives for efficiency, effectiveness, and affordability,” said Bahlil during the launch and groundbreaking of the 100 GWp […]
- [Danantara Breaks Ground on the Rp3 T Waste-to-Energy Project in Bekasi](https://danantaramonitor.org/danantara-breaks-ground-on-the-rp3-t-waste-to-energy-project-in-bekasi/): Published by Bisnis.com on August 26, 2026 Danantara Indonesia and the government inaugurated the construction of a waste-to-energy facility in Bekasi, West Java, on Wednesday (26/8). Danantara Investment Management (DIM) Pandu Sjahrir said the waste-to-energy facility, which is located in Ciketing Udik, is targeted to manage more than 500,000 tonnes of waste a year or about 70% of the waste piled in Bekasi City. “The initiative worth Rp3 trillion, from the investment side of things, is expected to create about 1,000 green jobs and reduce the need for landfills by 90%,” Pandu said. The WtE project is projected to reduce waste […]
- [Danantara Suberdaya Indonesia Announces Board of Commissioners, Directors](https://danantaramonitor.org/danantara-suberdaya-indonesia-announces-board-of-commissioners-directors/): Published by ANTARA on August 24, 2026 PT Danantara Sumberdaya Indonesia (DSI) announced names in its Board of Commissioners and Board of Directors on Monday (24/8). Below is the list. Board of Commissioners President Commissioner M Syaifurrahman Noer Commissioner Mari Elka Pangestu Commissioner Tony Wenas Commissioner Harold Tjiptadjaja Board of Directors CEO Luke Thomas Mahony Finance Director Sinthya Roesly Risk Management Director Nur Hidayat Udin Legal and Compliance Director Ivan Ferdiansyah Baely Disclaimer: This is not the full story published by ANTARA. Read the full story here.
- [Danantara to Decide Indonesia International Financial Center Location](https://danantaramonitor.org/danantara-to-decide-indonesia-international-financial-center-location/): Published by Kumparan Bisnis on August 20, 2026 Chief Economic Minister Airlangga Hartarto said the location of the Indonesia International Financial Center (PFII) in Jakarta and Bali will be picked by Danantara, Kumparan reported. Airlangga noted that the rumored PFII location in Bali, the Special Economic Zone Kura Kura in Serangan Island, Denpasar, Bali, was false. He said both PFII locations in Jakarta and Bali are still being considered by Danantara. Disclaimer: This is not the full story published by Kumparan Bisnis. Read the full story here.
- [Danantara Bond Demand Signals Rising Global Investor Confidence in Indonesia: Citi](https://danantaramonitor.org/danantara-bond-demand-signals-rising-global-investor-confidence-in-indonesia-citi/): Published by Jakarta Globe on August 20, 2026 Investor confidence in Indonesian financial assets is showing signs of strengthening, with strong demand for recent international bond offerings by state-backed institutions, including Danantara Investment Management, Citi CEO Batara Sianturi said. Batara said the demand for Danantara’s debut global bond in June reached $4.4 billion out of the $1.5 billion issued. He added that investor demand has also been strong for state utility PLN’s $1.5 billion global bond in February. Disclaimer: This is not the full story published by Jakarta Globe. Read the full story here.
- [Danantara Includes Gojek and Grab in the National Electric Motorcycle Project](https://danantaramonitor.org/danantara-includes-gojek-and-grab-in-the-national-electric-motorcycle-project/): Published by CNN Indonesia on August 21, 2026 Danantara Indonesia is set to involve ride-hailing companies Gojek and Grab in the National Electric Motorcycle Project, or Molinas, CNN Indonesia reported. Ardy Muawin, managing director of industrialization at Danantara Indonesia, said the government is not only interested in selling electric motorcycles through Molinas, but in building its entire ecosystem. Danantara invited Grab, Gojek, and logistics companies such as Pos Indonesia and J&T to map out electric motorcycle demand. Ardy concluded that the operational cost of an electric motorcycle rider can be Rp10,000 to Rp20,000 per day lower than a gasoline-powered motorcycle. Disclaimer: […]
- [Saudi Arabia Invites Danantara to Invest in Madinah Airport](https://danantaramonitor.org/saudi-arabia-invites-danantara-to-invest-in-madinah-airport/): Published by Jakarta Globe from Antara on August 6, 2026 Danantara Indonesia has received an invitation to acquire an equity stake in Madinah Airport in Saudi Arabia, Danantara CEO Rosan Roeslani said on Thursday (6/8). Rosan did not disclose the size or potential value of the proposed investment. Indonesia and Saudi Arabia signed a Memorandum of Understanding (MoU) on Tuesday (4/8) to promote bilateral economic relations and facilitate cross-border capital flows. The agreement was signed by Rosan Roeslani as Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) and Saudi Arabian Minister of Investment Fahad bin Abduljalil Al-Saif. Danantara […]
- [Finance Ministry’s Whoosh Takeover Plan Raises Technical, Efficiency Risks](https://danantaramonitor.org/finance-ministrys-whoosh-takeover-plan-raises-technical-efficiency-risks/): Published by The Jakarta Post on August 6, 2026 The Indonesian government insists that the Finance Ministry’s plan to take over the Indonesian consortium of PT Kereta Cepat Indonesia China (KCIC), the operator of the Whoosh high-speed railway, will not burden state coffers. Finance Minister Purbaya Yudhi Sadewa said after a meeting with Danantara Chief Operating Officer Dony Oskaria on Wednesday (5/8) that the acquisition would be finished by the middle of August. Whoosh’s operations and liabilities will then be transferred to the Finance Ministry. Even so, he said, Whoosh’s debt would not be financed with state funds. KCIC is a […]
- [Danantara Checks Coal Downsteaming Feasibility](https://danantaramonitor.org/danantara-checks-coal-downsteaming-feasibility/): Published by Kontan on August 7, 2026 Indonesia’s coal downstreaming efforts face another hurdle as some national strategic projects struggle to find investment partners, funding, and economic viability for their products. PT Bukit Asam Tbk’s coal-to-dimethyl ether project in Tanjung Enim, South Sumatra, is one of them. Danantara Indonesia leads the business validation case to study its economic viability and to design financing plans for the project. The Tanjung Enim project was designed to process 7 million tonnes of coal to 1.4 million tonnes of DME per year. PT Bukit Asam Tbk Vice President Dahlia Muchtar said PT Pertamina, a state […]
- [The KSSK was Asked to Involve Danantara in All Decision-Making Processes](https://danantaramonitor.org/the-kssk-was-asked-to-involve-danantara-in-all-decision-making-processes/): Published by Kompas.id on July 27, 2026 Danantara Indonesia will attend the Financial System Stability Committee (KSSK) regular meetings as part of efforts to expand policy considerations beyond fiscal and monetary instruments to include the wider economic ecosystem and business world, Danantara CEO Rosan Roeslani said. According to Rosan, Danantara will be involved in every KSSK’s decision-making process. Danantara’s involvement is necessary so that the decisions made by KSSK have a direct impact on the economy and businesses, he said. Read the full story here.
- [Danantara Prepares Scheme to Sell Unsold Houses Built by SOEs](https://danantaramonitor.org/danantara-prepares-scheme-to-sell-unsold-state-owned-houses/): Published by CNN Indonesia on July 27, 2026 Danantara Indonesia is preparing a scheme to expedite the sale of previously unsold state-owned houses and apartments, Danantara CEO Rosan Roeslani said. The programme, called Danantara Housing, is set to offer financing with more attractive interest rates and payment mechanisms. Read the full story here.
- [Danantara Indonesia Joins Global SWF Forum](https://danantaramonitor.org/danantara-indonesia-joins-global-swf-forum/): Published by Tempo English on July 16, 2026 Danantara Indonesia’s investment holding, PT Danantara Investment Management (DIM), has officially been accepted as an Associate Member of the International Forum of Sovereign Wealth Funds (IFSWF). According to Danantara Indonesia’s Chief Investment Officer Pandu Sjahrir, the acceptance of Danantara into IFSWF reflects Indonesia’s commitment to world-class governance, transparency, and accountability. As an Associate Member, DIM joins the global network of SWFs committed to upholding the Santiago Principles, which are 24 universally recognized Principles and Practices as international standards for governance, investment, and risk management for SWFs. Read the full story here.
- [Danantara Names Waste-to-Energy Partners](https://danantaramonitor.org/danantara-names-waste-to-energy-partners/): PT Danantara Investment Management (DIM) and PT Daya Energi Bersih Nusantara (Denera) have selected partners to develop and manage the second phase of such facility. The eight partners and the location of their projects are: SUEZ-IAN Consortium (SUEZ Insan Asia) in Medan Raya Consortium Everbright Cemerlang Energy (Everbright Harmoni) in Kabupaten Bekasi Bumi Biru Indonesia (SUS Indoplas) in Lampung Raya Masa Depan Energi Indonesia (Chandra Waste Energy BGE) in Serang Raya Veolia Environmental Services Asia Pte. Ltd. in Semarang Raya Consortium Mentari Citra Lestari (Bakrie Power SUS) in Surabaya Raya MPM-CEVIA Consortium (Mega Power CEVIA) in Bogor Raya 2 Cakra Energi […]
- [Danantara Builds Rp3 T WTE Power Plant in Bali](https://danantaramonitor.org/danantara-builds-rp3-t-wte-power-plant-in-bali/): Published by Kumparan on July 8, 2026 Danantara Indonesia began the construction of a waste-to-energy facility (PSEL) worth Rp3 trillion in Pedungan Village, South Denpasar. The project is expected to start operating in the first semester of 2028. The inauguration was done by PT Danantara Investment Management (DIM) with PT Daya Energi Bersih Nusantara (Denera). The Bali PSEL is the first waste-to-energy project developed by Danantara with a capacity to process 1,500 tons of waste a day. Read the full story here. While dubbed as the first waste-to-energy facility in Bali by local media outlets, it is worth noting that Bali […]
- [BPK Gives Notes to the Government, a Subtle Pressure Regarding the Danantara Financial Report?](https://danantaramonitor.org/bpk-gives-notes-to-the-government-a-subtle-pressure-regarding-the-danantara-financial-report/): Published by Bisnis.com on July 4, 2026 The Supreme Audit Agency (BPK) urged Danantara to immediately publish its financial report to ensure accountability and transparency following the revision of the State-Owned Enterprises Law (UU BUMN), which has impacted state financial governance. BPK’s audit on the 2025 Central Government Financial Report (LKPP) include some notes, including: Significant consequence from the establishment of the Law No. 1/20225 and the Law No. 16/2025, including the need to strengthen Danantara’s governance Strengthening, developing, and utilizing the National Single Social and Economic Data (DTSEN) is necessary to improve the accuracy of various government programs The government […]
- [Danantara Receives Report on Alleged Financial Engineering at PT Pos Indonesia](https://danantaramonitor.org/danantara-receives-report-on-alleged-financial-engineering-at-pt-pos-indonesia/): Published by CNN Indonesia on July 3, 2026 Danantara Indonesia received a report indicating potential misconducts at PT Pos Indonesia, including a financial engineering allegation. Danantara appointed Daud Joseph to kick start a thorough due diligence process against PT Pos Indonesia’s financials, operations, and governance. The three months process found that financials and governance problems at PT Pos have been accumulated for years. Read the full article here.
- [Danantara Monitor Urges FATF to Review Indonesia’s Commitment](https://danantaramonitor.org/danantara-monitor-urges-fatf-to-review-indonesias-commitment/): Danantara Monitor coalition sent a letter to the Financial Action Task Force (FATF) Secretariat on Wednesday (1/7/2026), asking to initiate a review on Indonesia’s obligations as a full FATF member. The request was made following the enactment of Law No. 4 of 2026 amending Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector, popularly known as P2SK. The coalition believes that the new law, especially the Article 50A, constitutes a breach of Indonesia’s obligations as a full member of the FATF because Indonesia is expected to implement and effectively enforce the FATF Recommendations on anti-money laundering, […]
- [Danantara and the Ministry of Finance Have the Authority to Hold Shares on the Indonesia Stock Exchange](https://danantaramonitor.org/danantara-and-the-ministry-of-finance-have-the-authority-to-hold-shares-on-the-indonesia-stock-exchange/): Published by KOMPAS on June 22, 2026, by Erika Kurnia Following Indonesia Stock Exchange’s structural change known as demutualization, Danantara Investment Management Agency and the country’s Finance Ministry can now officially take part as the bourse’s shareholders. The House of Representatives (DPR) passed the revision to the Law amending Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK) on June 4, 2026, making the demutualization possible. The law stipulates that stock exchanges are now open to both individuals and legal entities in Indonesia, whether they are Members of the Exchange or not. Read the full […]
- [CELIOS: Danantara’s Special Debt Vulnerable to Money Laundering](https://danantaramonitor.org/celios-danantaras-special-debt-vulnerable-to-money-laundering/): Jakarta. June 22, 2026. The government finally released the revised copy of the P2SK Law—which was enacted on June 4, 2026—to the public. However, the document was only circulated nearly three weeks after its public release. The public did not have time to examine the P2SK Law article by article. However, after its circulation, Section Eight, concerning Special Financial Instruments, included Article 50A, which regulates special debt securities, including Patriot Bonds and Merah Putih Bonds. This article is fraught with the interests of political elites and financial criminals because it provides immunity for those committing money laundering and other financial crimes. […]
- [Danantara Raises $1.5 Billion in Debut Dollar Bond](https://danantaramonitor.org/danantara-raises-1-5-billion-in-debut-dollar-bond/): Danantara Investment Management raised $1.5 billion in its debut US dollar bond sale, including a $750 million five-year notes and $750 million 10-year notes. Read the full story on Reuters.
- [Civil Society Coalition Urges Danantara to Open Its Data, Prevent Dual Fiscal Risks](https://danantaramonitor.org/civil-society-coalition-urges-danantara-to-open-its-data-prevent-dual-fiscal-risks/): Jakarta, 10 June 2026 – The Danantara Monitor Coalition noted the importance of transparency in the management of state assets and finances by Danantara Sovereign Wealth Fund to prevent dual fiscal pressure in the midst of rupiah exchange rate volatility and rising global oil prices. Transparency is needed so that the public can oversee the management of the 300 trillion rupiah in assets by Danantara and ensure that the projects it finances benefit the public. At a press conference held on Wednesday (10/6) in Jakarta, the Danantara Monitor Coalition stressed that the public has the right to know how the state […]
- [Danantara Monitor Coalition Submits Information Request to Danantara and the Audit Board of Indonesia (BPK), Encouraging Transparency in State Asset Management](https://danantaramonitor.org/danantara-monitor-coalition-submits-information-request-to-danantara-and-the-audit-board-of-indonesia-bpk-encouraging-transparency-in-state-asset-management/): Jakarta, June 3, 2026 — Danantara Monitor Coalition submitted an information request to the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) and the Supreme Audit Agency (BPK) as part of the efforts to strengthen public oversight of state assets and financial management. The step was taken to align Danantara’s transparency, accountability, and good governance with its expansive mandate as a state investment vehicle managing substantial state-owned enterprise assets. The Danantara Monitor Coalition requested access from Danantara to several important documents, including Danantara’s 2025 Financial Report, Danantara’s 2025 Annual Report, and Danantara’s First Quarter 2026 Financial Report. The Coalition further urged […]
- [Danantara Plans Potential Dollar Bond Sale](https://danantaramonitor.org/danantara-plans-potential-dollar-bond-sale/): Sovereign Wealth Fund Danantara has hired banks for a potential global dollar bond offering to test investor appetite, Bloomberg reported on Wednesday (3/6). The sovereign wealth fund hired Citigroup, DBS Bank, HSBC, Mandiri Securities, and Standard Chartered Bank as joint lead managers and joint bookrunners to arrange investor meetings and calls starting Wednesday. It does not mean a deal will be concluded. Read the full story on Bloomberg.
- [Indonesia Revises Regulation on Danantara](https://danantaramonitor.org/indonesia-revises-regulation-on-danantara/): 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 […]
- [Newly Released Government Regulation Number 19 of 2026](https://danantaramonitor.org/newly-released-government-regulation-number-19-of-2026/): Comparative Analysis of Government Regulation (PP) 19 of 2026 Amending PP 10 of 2025 Concerning the Organization and Governance of BPI Danantara Other Oversight Issues Muhamad Saleh Program Manager, Policy and Strategic Litigation, CELIOS
- [Indonesia Issues Presidential Decree for Danantara Development Fund](https://danantaramonitor.org/indonesia-issues-presidential-decree-for-danantara-development-fund/): Published by Reuters via Kontan on Monday, June 1, 2026 President Prabowo Subianto issued a presidential decree to set up a development investment arm under Danantara. Several details from the new decree: It calls for the establishment of an investment arm “for national development and public services that have social and economic impacts” The investment arm could request funds from state budget Signed on April 8 Read the full story on Kontan.
- [Danantara to Name DSI Executives Next Week](https://danantaramonitor.org/danantara-to-name-dsi-executives-next-week/): Published by Detik Finance on Sunday, May 31, 2026 By Heri Purnomo COO Danantara Dony Oskaria said Danantara will announce the names of the C-suit behind PT Danantara Sumberdaya Indonesia (DSI) next week. Currently, the only name available is DSI CEO Luke Thomas Mahony. Read the full story on Detik Finance.
- [Indonesia Sets Up New Agency to Address Under-Invoicing](https://danantaramonitor.org/indonesia-sets-up-new-agency-to-address-under-invoicing/): By Danantara Monitor Indonesia has officially launched a new agency under the sovereign wealth fund aimed at overseeing Indonesia’s natural resources exports called PT Danantara Sumberdaya Indonesia, The Jakarta Globe reported. Strategic natural resource commodities—such as palm oil, coal, and ferroalloys—are being routed through a state-owned enterprise as the sole exporter. This new policy will be done in two stages. The transitional phase will begin on June 1, 2026, where PT Danantara Sumberdaya Indonesia mainly acts as an appraiser and intermediary, Antara reported. Starting in January 2027, PT Danantara Sumberdaya Indonesia will transform into a trading company that purchases commodities directly […]
- [Danantara Indonesia to Oversee State Control Over Commodity Exports](https://danantaramonitor.org/danantara-indonesia-to-oversee-state-control-over-commodity-exports/): By Danantara Monitor President Prabowo Subianto announced on Wednesday (20/5) the formation of a state-owned entity to manage the exports of Indonesian commodities as part of efforts to address tax evasion that had hampered state revenues for years. “Today, the Indonesian government under my leadership issued a Government Regulation concerning the management of natural resources exports. This regulation is a strategic step to strengthen the governance of our natural resources commodities,” President Prabowo said at the House of Representatives. Prabowo said that Indonesia will begin selling its palm oil, coal, and ferroalloys through a designated state-owned enterprise (SOE) that serves as […]
- [Danantara Plans 2028 IPO for Clean Energy Arm Denera](https://danantaramonitor.org/danantara-plans-2028-ipo-for-clean-energy-arm-denera/): Published by Jakarta Globe on Monday, May 11, 2026 By Muhammad Ghafur Fadillah Jakarta. Sovereign wealth fund Danantara Indonesia is weighing a potential initial public offering for its clean energy unit Daya Energi Bersih Nusantara (Denera) as early as 2028, banking on a multibillion-dollar waste-to-energy rollout to generate stable cash flow and attract investors. Denera is being developed into one of the world’s largest waste-to-energy operators through the consolidation of 33 waste-processing power projects across Indonesia. “We want to finish all 33 projects. If we can complete them, God willing, by the end of 2028 we can take this public,” Danantara […]
- [Danantara Opens Phase II of the PSEL Project, with Over 100 Investors Already Registered](https://danantaramonitor.org/danantara-opens-phase-ii-of-the-psel-project-with-over-100-investors-already-registered/): Published by Metrotvnews.com on Monday, May 11, 2026 By Ade Hapsari Lestarini Jakarta: The Daya Anagata Nusantara Investment Management Agency (Danantara) announced that more than 100 investors have registered for the second phase of the waste-to-energy (PSEL) project development in various regions. “We will open the second phase soon. More than 100 have already registered,” said Danantara Chief Investment Officer (CIO) Pandu Sjahrir in Jakarta, as reported by Antara, Monday, May 11, 2026. According to Pandu, the PSEL project development is not entirely funded by Danantara, but through a Government-Private Partnership (KPBU) scheme from the winning bidder. “Not (all funded by […]
- [Danantara: Indonesia to Export Clean Electricity to Singapore, Project Valued at 522.79 Trillion Rupiah](https://danantaramonitor.org/danantara-indonesia-to-export-clean-electricity-to-singapore-project-valued-at-522-79-trillion-rupiah/): Published by Katadata on Monday, May 11, 2026 By Nur Hana Putri Nabila The Daya Anagata Nusantara Investment Management Agency (BPI Danantara Indonesia) announced that Indonesia will export clean energy electricity to Singapore. The project is targeted to begin operations by the end of this year. Danantara Indonesia Chief Investment Officer (CIO) Pandu Patria Sjahrir said that the Indonesian government has met with leaders in Singapore. He mentioned that several companies have already obtained temporary permits from the neighboring country’s government. “There are 6-7 companies that have received conditional licenses from Singapore, and we are now approaching them for collaboration,” Pandu […]
- [Danantara Invests US$1 Billion in Waste-to-Electricity Project in Jakarta](https://danantaramonitor.org/danantara-invests-us1-billion-in-waste-to-electricity-project-in-jakarta/): Published on May 4, 2026, by CNBC Indonesia By Romys Binekasri Jakarta, CNBC Indonesia — The Anagata Nusantara Investment Management Agency (BPI Danantara) revealed that the total investment for the Jakarta Waste-to-Electricity (PSEL) project has reached US$1 billion. Danantara Chief Executive Officer Rosan Roeslani said the calculation was based on processing 8,000 tons of waste per day. “So, if I’m talking about 8,000, then 8,000 tons is approximately US$1 billion,” he said at the Graha Mandiri building in Jakarta, Monday (May 4, 2026). Rosan explained that the PSEL construction in Jakarta will exceed the capacity of 8,000 tons per day. This […]
- [Danantara CEO: Indonesia Financial Center will be Managed by a Special Agency](https://danantaramonitor.org/danantara-ceo-indonesia-financial-center-will-be-managed-by-a-special-agency/): Published on May 5, 2026, by ANTARA By Aria Ananda Jakarta (ANTARA) – Daya Anagata Nusantara Investment Management Agency (Danantara) CEO Rosan Roeslani said Indonesia Financial Center (IFC), which is currently being studied by the government, will be managed by a separate authority. Roeslani stated that the new agency is needed to specifically manage the financial center area. “Yes, there will be a separate authority,” Rosan said after a meeting at the Coordinating Ministry for Economic Affairs in Jakarta on Tuesday (5/5/2026). He said the establishment of the IFC is still in the early stages of discussion and will be further […]
- [Danantara to Sign Waste-to-Energy Projects with 11 Local Governments Next Week](https://danantaramonitor.org/danantara-signs-waste-to-energy-projects-with-11-local-governments-next-week/): Published on May 4, 2026, by CNBC Indonesia By Romys Binekasri Jakarta, CNBC Indonesia — Indonesia’s waste problem will be addressed through the Waste to Energy (PSEL) project. Following a partnership with the Jakarta Provincial Government, the Anagata Nusantara Investment Management Agency (BPI Danantara) will partner with 11 other regional governments next week. “Next week there will be a second batch; we will have 11 provinces,” Coordinating Minister for Food Affairs Zulkifli Hasan said during the PSEL MoU signing between Danantara and the regional governments at Graha Mandiri Jakarta on Monday (May 4, 2026). The man, familiarly known as Zulhas, explained […]
- [Accelerating Downstream Projects in Phase II, Danantara Prepares 30 Projects](https://danantaramonitor.org/accelerating-downstream-projects-in-phase-ii-danantara-prepares-30-projects/): Published on April 29, 2026, by Kontan By Leni Wandira KONTAN.CO.ID – JAKARTA. The government is accelerating the national downstreaming agenda by starting the second phase of construction on 13 projects, which will be held simultaneously in various regions. This step is part of a long-term roadmap that will continue into the next phase. Danantara CEO Rosan Roeslani explained that this second phase is a continuation of the project that began earlier this year and serves as a foundation for further project expansion. He stated that the groundbreaking ceremony was held simultaneously at 13 locations, forming part of the second phase, […]
- [Danareksa to Leave Holding Model, to Become National Asset Manager](https://danantaramonitor.org/danareksa-to-leave-holding-model-to-become-national-asset-manager/): Published on April 29, 2026, by Kontan By Leni Wandira KONTAN.CO.ID – JAKARTA. The government is preparing a major transformation of PT Danareksa. The state-owned company will be returned to its primary function as an asset manager and move away from its current mixed business model. Dony Oskaria, Head of BP BUMN and COO of Danantara Indonesia, stated that this step is part of a comprehensive restructuring of state-owned enterprises (SOEs), which is currently underway. “For example, Danareksa will no longer be a holding company, which is currently in disarray. So, they have everything from construction to industrial estates; these will […]
- [Fitch Ratings Reveals Investors’ Concerns Against Danantara](https://danantaramonitor.org/fitch-ratings-reveals-investors-concerns-against-danantara/): Published on April 28, 2026, by TEMPO By Anastasya Lavenia Yudi Fitch stated there are concerns that Danantara could potentially be used to finance government programs. Debt rating agency Fitch Ratings has outlined a number of investor concerns regarding Danantara. Danantara was one of the points Fitch considered when it cut Indonesia’s debt outlook from stable to negative in March 2026. “From our discussions with various investors, several potential issues that emerged were related to governance,” said Samuel Kwok, Head of International Public Finance Asia-Pacific at Fitch Ratings, when met by Tempo at the St. Regis, Jakarta, on Thursday, April 23, […]
- [Misbakhun's Testimony: IMF-World Bank Criticize Danantara Debt Management](https://danantaramonitor.org/misbakhuns-testimony-imf-world-bank-criticize-danantara-debt-management/): Published on April 28, 2026, by CNBC Indonesia By Arrijal Rachman Jakarta, CNBC Indonesia – The IMF-World Bank Spring Meetings provided an opportunity for President Prabowo Subianto’s administration to explain to the world that its fiscal management remains prudent and adheres to the guidelines outlined in the State Finance Law, such as a deficit of no more than 3% and a debt-to-GDP ratio well below 60%. The House of Representatives Commission XI, including Chairman Mukhamad Misbakhun, participated in the meeting, which took place from April 13-18, 2026. He stated that during the meeting with various international institutions, the government received many […]
- [Danantara Eyes $30 Billion Energy Investment in Singapore](https://danantaramonitor.org/danantara-eyes-30-billion-energy-investment-in-singapore/): Published on April 23, 2026, by Tempo English TEMPO.CO, Jakarta – Indonesia’s sovereign wealth fund, Danantara, is seeking to participate in a large-scale renewable energy partnership with Singapore, with the project’s total investment value estimated at around US$30 billion (approximately Rp518.74 trillion). Chief Investment Officer Pandu Sjahrir said investor interest in the proposed green electricity project remains strong. The initiative includes the development of solar panel infrastructure and cross-border transmission networks. “We will execute and assess energy exports to Singapore, particularly in solar panel projects, which could become one of the largest in ASEAN,” Pandu said at the Fitch Ratings Annual […]
- [To Reduce Fuel Consumption, PLN to Build 21 Solar Power Plants](https://danantaramonitor.org/to-reduce-fuel-consumption-pln-to-build-21-solar-power-plants/): Published on April 13, 2026, by Detik Finance By Heri Purnomo Jakarta – PLN has prepared 21 solar power plants (PLTS) and PLTS integrated with Battery Energy Storage System (BESS) with a total capacity of 513 Megawatt-peak (MWp) to be executed. The step is taken to reduce fuel consumption in Indonesia’s power sector where the 21 projects are hoped to have their Commercial Operation Date (COD) by 2026 to 2028. “In the first semester, there are 21 PLTS projects and PLTS integrated with Battery Energy Storage System ready to be executed. Those will be added with specific programs using large-scale Battery […]
- [PLN to Swap 2,396 Diesel Power Plants with 3.21 GWp Solar Power Plants and 9.03 GWh BESS](https://danantaramonitor.org/pln-to-swap-2396-diesel-power-plants-with-3-21-gwp-solar-power-plants-and-9-03-gwh-bess/): Published on Aprill 13, 2026, by Bloomberg Technoz By Azura Yumna Ramadani Purnama Bloomberg Technoz, Jakarta – State-owned electricity company PT PLN (Persero) will replace 2,396 diesel-fired power plants (PLTD) in 741 locations with solar power plants (PLTS) with a capacity of 3.21 gigawatt peak (GWp) and battery energy storage systems (BESS) with a capacity of 9.03 gigawatt hours (GWh). PLN President Director Darmawan Prasodjo said the 2,396 diesel-fired power plants have a total capacity of 1,076 MW and are mostly located in Eastern Indonesia. Darmawan explained that the PLTS will consider the availability of mini-hydro power plants (PLTMH) in the […]
- [Danantara Explores Garuda Indonesia Cooperation with Saudi Airlines, Etihad](https://danantaramonitor.org/danantara-explores-garuda-indonesia-cooperation-with-saudi-airlines-etihad/): Published on April 13, 2026, by Bisnis.com By Dany Saputra Bisnis.com, JAKARTA — Danantara Indonesia is exploring potential collaborations between PT Garuda Indonesia (Persero) Tbk. (GIAA) with several airlines from the Gulf countries. CEO Danantara Indonesia Rosan Perkasa Roeslani said Danantara is open to various cooperation, including forming a joint venture, as mandated by President Prabowo Subianto. “We’re open. We’re exploring all aspects, both with Saudi Arabian Airlines and yesterday with Emirates. We were in talks with Emirates, but then this incident [the war] happened. We also talked with Etihad,” he told reporters at the Senayan Parliament Complex, Jakarta, on Monday […]
- [Danantara Formed PT Denera to Focus on Waste-to-Energy](https://danantaramonitor.org/danantara-formed-pt-denera-to-focus-on-waste-to-energy/): Published on April 9, 2026, by ANTARA By Muhammad Heriyanto Jakarta (ANTARA) – Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia) has officially formed PT Daya Energi Bersih Nusantara, also known as Denera. Denera was formed on April 1, 2026, as a subsidiary of PT Danantara Investment Management (DIM), which will focus on waste-to-energy (WtE) projects. “Daya Energi Bersih Nusantara is a newly formed company by Danantara Investment Management (DIM) on April 1, 2026, whose focus is to run the PSEL programs,” said the Lead of Waste-to-Energy and DIM Investment Director Fadli Rahman at the Afternoon Coffee Session in Wisma Danantara […]
- [Bukit Asam Seeks Partner to Build Power Plant in Mempawah, to Start Construction in 2027](https://danantaramonitor.org/bukit-asam-seeks-partner-to-build-power-plant-in-mempawah-to-start-construction-in-2027/): Published on April 7, 2026, by Bisnis.com By Anitana Widya Puspa PT Bukit Asam (PTBA) is seeking partners for the coal-fired power plant in Mempawah, West Kalimantan, which will start construction in 2027 to support Inalum’s aluminum smelter. Bisnis.com, JAKARTA — PT Bukit Asam Tbk. (PTBA) is seeking partners to build its coal-fired power plant in Mempawah, West Kalimantan, as it plans to start construction in 2027. PTBA Downstreaming and Diversification Director Turino Yulianto said the project is targeted to enter the construction stage in early 2027. The power plant will play a significant role as the main source of power […]
- [Danantara Acquires State-Owned Investment Managers, Worth Over Rp2 Trillion](https://danantaramonitor.org/danantara-acquires-state-owned-investment-managers-worth-over-rp2-trillion/): Published on April 6, 2026, by CNBC Indonesia Jakarta, CNBC Indonesia — The government, through PT Danantara Asset Management (DAM), has officially acquired all investment management companies owned by major state-owned banks, namely Bank Mandiri, Bank Rakyat Indonesia (BRI), and Bank Negara Indonesia (BNI). This move marks a major consolidation of the asset management industry under one control. Based on information disclosures from each issuer, the takeover was carried out through a series of affiliated transactions signed on April 1, 2026. For Bank Mandiri, DAM acquired nearly all of PT Mandiri Manajemen Investasi (MMI)’s shares, amounting to 99.93%, for a transaction […]
- [Danantara Acquires Mandiri Manajemen Investasi from Bank Mandiri, Worth Rp1.02t](https://danantaramonitor.org/danantara-acquires-mandiri-manajemen-investasi-from-bank-mandiri-worth-rp1-02t/): Published on April 3, 2026, by Kontan.co.id By Avanty Nurdiana KONTAN.CO.ID – JAKARTA. PT Bank Mandiri Tbk (BMRI) has transferred its asset management subsidiary to PT Danantara Asset Management. The transaction signed on April 1, 2026, officially transferring the ownership of PT Mandiri Manajemen Investasi (MMI) to Danantara. “On April 1, 2026, a Conditional Share Sale and Purchase Agreement (CSPA) was executed which regulates the proposed transfer of 1,499 shares owned by Mandiri Sekuritas and 1 share owned by Mandiri MCO to DAM. The completion of the Affiliated Transaction is subject to the fulfillment of the conditions set forth in the […]
- [Danantara Acquires 99.9% of BNI Asset Management](https://danantaramonitor.org/danantara-acquires-99-9-of-bni-asset-management/): Published on April 3, 2026, by Kontan.co.id By Avanty Nurdiana KONTAN.CO.ID – JAKARTA. State-owned lender PT Bank Negara Indonesia Tbk (BBNI) transferred its ownership in PT BNI Asset Management (BNI AM) to PT Danantara Asset Management (DAM). The transaction was between PT BNI Sekuritas (BNIS) and Danantara Asset Management on April 1, 2026. “The transaction between BNIS, as a controlled company of BBNI, and DAM, in the form of a Conditional Share Sale and Purchase Agreement signed on April 1, 2026, in relation to the proposed sale 39,960,000 shares in BNI AM owned by BNIS to PT DAM, which will result […]
- [South Korea Opens Investment Opportunity Through Danantara](https://danantaramonitor.org/south-korea-opens-investment-opportunity-through-danantara/): Published on April 1, 2026, by Kontan.co.id By Lailatul Anisah KONTAN.CO.ID – JAKARTA. South Korean President Lee Jae Myung opened an opportunity to expand cooperation and investment through Danantara. Lee directly told President Prabowo Subianto during a state lunch banquet at Blue House, the Republic of Korea’s Presidential Palace Cheong Wa Dae, on Wednesday (1/4/2026). Lee highlighted the great potential of strategic investment through Danantara Fund, especially due to its global scale. “I also look forward to the strong strategic investment cooperation carried out through Danantara, which has grown into a global-scale sovereign fund,” he said in an official statement on […]
- [Danantara Develops Aircraft Leasing Business](https://danantaramonitor.org/danantara-develops-aircraft-leasing-business/): Published on April 1, 2026, by Detik Finance By Heri Purnomo Jakarta – Indonesia officially has its first aviation leasing investment platform following the establishment of the Mandiri Aviation Leasing Fund. Danantara Investment Management, SMBC Aviation Capital, and Mandiri Investment Management are behind the new entity. Danantara invested approximately US$800 million, or about Rp13.53 trillion (US$1 = 16,916). Danantara Indonesia Chief Investment Officer Pandu Sjahrir said this partnership is an important step in Indonesia’s participation in the global aviation financing ecosystem. “By becoming the main partner in this initiative alongside SMBC Aviation Capital and Mandiri Investment Management, Danantara Indonesia is investing […]
- [Danantara Invests in Labuan Bajo, Supports Tourism and Local Economy](https://danantaramonitor.org/danantara-invests-in-labuan-bajo-supports-tourism-and-local-economy/): Published on April 1, 2026, by Antara By Muhammad Heriyanto Jakarta (ANTARA) – Danantara Indonesia announced a plan to invest in a strategic project in Labuan Bajo, East Nusa Tenggara (NTT) Province, as an effort to boost the growth of Indonesia’s tourism sector and create opportunities for the local economy. As part of the investment, Danantara will collaborate with the Qatar Investment Authority (QIA), an existing investor, to deliver long-term value and further support Indonesia’s development priorities. Danantara Chief Investment Officer (CIO) Pandu Sjahrir, in an official statement in Jakarta on Tuesday, said the plan demonstrates a disciplined investment approach and […]
- [From Aircraft Leasing to Masela, 11 Indonesia and Japan MoUs Generate Rp401.7t](https://danantaramonitor.org/from-aircraft-leasing-to-masela-11-indonesia-and-japan-mous-generate-rp401-7t/): Published on March 31, 2026, by Kumparan Indonesia and Japan have agreed to economic cooperation worth USD 23.63 billion, equivalent to Rp401.71 trillion. Both parties have signed 11 Memoranda of Understanding (MoUs). The MoUs cover the development of clean energy-based downstream projects such as methanol production from carbon emissions, exploration and development of the oil and gas sector, geothermal energy development, and strengthening the inclusive financial ecosystem and strategic investments. “Essentially, this proves that international trust, specifically the Japanese government, both the Japanese government and Japanese entrepreneurs, in Indonesia remains strong and committed. In fact, this project, which will soon be […]
- [Danantara Opens Second Tender for Waste-to-Energy Project Partners](https://danantaramonitor.org/danantara-opens-second-tender-for-waste-to-energy-project-partners/): Published on March 18, 2026, by TEMPO English By M. Faiz Zaki TEMPO.CO, Jakarta – Indonesia’s sovereign wealth fund Danantara has opened a new registration round for companies interested in partnering on its Waste-to-Energy Electricity Project (PSEL). The registration marks the second phase following the initial selection process for projects in Bekasi, Greater Denpasar, and Greater Bogor. Fadli Rahman, Investment Director at PT Danantara Investment Management, said the new registration offers opportunities to broaden technology options, attract funding from more countries, and strengthen domestic investment. “This is part of Danantara’s effort to expand the participation of both national and global companies […]
- [Danantara Seeks to Issue Rp7 Trillion in Bonds](https://danantaramonitor.org/danantara-seeks-to-issue-rp7-trillion-in-bonds/): Published on March 16, 2026, by CNBC IndonesiaBy Mentari Puspadini Jakarta, CNBC Indonesia – PT Danantara Investment Management (Persero) announced the planned issuance of medium-term notes (MTN) worth Rp7 trillion, tenored 5 and 7 years. According to PT Kustodian Sentral Efek Indonesia (KSEI) data, the issuance includes Series A and B, each worth Rp3.5 trillion. The Serie A MTN coded DNTR02A1JP totals Rp3.5 trillion and is due on March 18, 2031, with a 5-year tenor. Meanwhile, the Serie B MTN coded DNTR02B1JP is due on March 17, 2033, and has a 7-year tenor. “The interest rate is fixed, with an annual […]
- [GIAA’s Deficit Soars After Danantara Injects Rp23t](https://danantaramonitor.org/giaas-defisit-soars-after-danantara-injects-rp23t/): Published on March 19, 2026, by Bloomberg Technoz By Artha Adventy Bloomberg Technoz, Jakarta – Despite a recent Rp23.67 trillion injection from Danantara, the financial performance of PT Garuda Indonesia Tbk (GIAA) remains under pressure. As of the end of 2025, the state-owned airline recorded a loss totaling US$3.83 billion or about Rp64.3 trillion (US$1=Rp16,780). Garuda received Rp23.67 trillion or about US$1.42 billion capital injection from Danantara on December 5, 2025. The funds comprise the conversion of shareholder loans totaling Rp6.65 trillion and a capital injection of Rp17 trillion. Despite receiving a substantial additional capital injection, GIAA’s deficit position increased compared […]
- [Indonesia's Upstart Sovereign Fund Stumbles Through Turbulent Year](https://danantaramonitor.org/indonesias-upstart-sovereign-fund-stumbles-through-turbulent-year/): Published on March 16, 2026, by Bloomberg By Ambereen Choudhury, Faris Mokhtar, Echo Wong, and Harry Suhartono At an invitation-only dinner in the Grand Hyatt Jakarta last August, the chief executive officer of Indonesia’s fledgling sovereign wealth fund rounded up about 30 individuals from the country’s richest families and made a plea. The state investor, Danantara, wanted the business elite to participate in a nation-building effort by purchasing “Patriot bonds” that would finance projects with social benefits. CEO Rosan Roeslani said that would help realize President Prabowo Subianto’s vision, according to people with knowledge of the private gathering who asked not […]
- [Danantara Prepares Rp16t to Build Affordable Housing at Meikarta](https://danantaramonitor.org/danantara-prepares-rp16t-to-build-affordable-housing-at-meikarta/): Published on March 8, 2026, by Katadata By Nur Hana Putri Nabila Daya Anagata Nusantara Investment Management Agency, or Danantara Indonesia, will roll out as much as Rp14 trillion to Rp16 trillion to build housing for underprivileged community in Meikarta, Cikarang. The project will be built above a 30-hectare land acquired by the government from Lippo Group. Danantara CEO Rosan Roeslani said Danantara stands ready to fully support the project’s financing. He said the project has a large potential as the housing demand remains very high and both demand and supply are strong. Rosan said the development may involve state-owned construction […]
- [Danantara Taps Chinese firms to Roll Out Waste-to-Energy Projects](https://danantaramonitor.org/danantara-taps-chinese-firms-to-roll-out-waste-to-energy-projects/): Published on March 8, 2026, by The Jakarta Post By Ni Made Tasyarani The fund has picked Wangneng Environment Co., Ltd. to operate a plant in Bekasi, West Java, while Zhejiang Weiming Environment Protection Co., Ltd. will operate a plant in Denpasar, Bali. State asset fund Danantara has selected two Chinese companies as operating partners for the first phase of its waste-to-energy (WtE) projects. In a statement on Friday, the fund said that Wangneng Environment Co., Ltd. has been chosen to operate a plant in Bekasi, West Java, while Zhejiang Weiming Environment Protection Co., Ltd. will operate a plant in Denpasar, […]
- [Rosan: Danantara Receives Rp23.66t for 50GW Solar Power Plant Investment](https://danantaramonitor.org/rosan-danantara-receives-rp23-66t-for-50gw-solar-power-plant-investment/): Published on March 5, 2026, by ANTARA By Genta Tenri Mawangi, Maria Cicilia Galuh Jakarta (ANTARA) – Danantara CEO Rosan Perkasa Roeslani said Danantara has received $1.4 billion or about Rp23.66 trillion to build factory supporting solar power plant with 50 gigawatt capacity. Rosan said the factory could support the government’s plan to accelerate the development of solar power plants (PLTS) in several villages, particularly those with existing electricity distribution networks. “Coincidentally, there has already been investment in Indonesia, and the construction of a $1.4 billion investment plant with a capacity of 50 gigawatts will be completed this year. So, that’s […]
- [Danantara and INA Sign Investment Agreement for Prajogo’s Project](https://danantaramonitor.org/danantara-and-ina-sign-investment-agreement-for-prajogos-project/): Published on March 3, 2026, by Investor.id By Thresa Sandra Desfika JAKARTA, Investor.id – Danantara Indonesia, the Indonesia Investment Authority (INA), and Chandra Asri Group (TPIA), Prajogo Pangestu’s listed company, officially signed a conditional share subscription agreement (CSSA) to strengthen domestic Caustic Soda and Ethylene Dichloride (EDC) production capacity and improve domestic supply security. This follows a memorandum of understanding (MoU) signed by Danantara Indonesia, INA, and PT Chandra Asri Pacific Tbk (Chandra Asri Group), where Danantara Indonesia and INA are strategic investors in the project. This agreement marks the capital commitment phase to support the construction of a Chlor Alkali […]
- [Danantara Indonesia Signs Semiconductor Cooperation with ARM Limited](https://danantaramonitor.org/danantara-indonesia-signs-semiconductor-cooperation-with-arm-limited/): Published on February 24, 2026, by RRI.co.id By Gusti Panji Alif Pratama RRI.CO.ID, Jakarta – State asset fund Danantara Indonesia has signed a cooperation agreement with ARM Limited, a leading British semiconductor and software design company, to strengthen Indonesia’s national chip industry. The framework agreement was signed in London on Monday, February 23, 2025. The signing was carried out by Danantara CEO and Minister of Investment and Downstreaming/Head of Investment Coordinating Agency, Rosan Perkasa Roeslani, and witnessed by President Prabowo Subianto. Several ministers, including Energy and Mineral Resources Minister Bahlil Lahadalia, Coordinating Minister for Economic Affairs Airlangga Hartarto, and Cabinet Secretary […]
- [Government-Danantara to Buy 50 Boeing Units Worth 227.9 Trillion Rupiah](https://danantaramonitor.org/government-danantara-to-buy-50-boeing-units-worth-227-9-trillion-rupiah/): Published on February 20, 2026, by Kontan.co.id By Nurtiandriyani Simamora KONTAN.CO.ID – JAKARTA. The Indonesian Government and Danantara have planned to acquire 50 units of commercial aircraft from the United States, valued at about US$13.5 billion, or around Rp227.91 trillion (Rp16,882 per US$). This massive plan is a follow-up to the Agreement on Reciprocal Tariffs (ART) signed by President Prabowo Subianto and President Donald Trump in the Implementation of the Agreement toward a New Golden Age US–Indonesia Alliance document on Friday (20/2). On the Investment and Danantara Agenda Minister of Investment and Downstream Investment/Head of the Investment Coordinating Board (BKPM) Rosan […]
- [Three Global Giants Passed Danantara's Waste to Energy Tender](https://danantaramonitor.org/three-global-giants-passed-danantaras-waste-to-energy-tender/): Published on February 16, 2026, by CNBC Indonesia Jakarta, CNBC Indonesia – The Waste-to-Energy (WtE) program has entered the tender phase. The 24 participants are experienced international companies. The companies picked during the tender process are required to form a consortium. Fadli Rahman, Waste-to-Energy Lead at Danantara Indonesia, said that the consortium formed by the tender participants is expected to provide technology transfer to local companies or local governments. For the first phase, Danantara Indonesia is focusing on developing the WtE program in four cities, namely Bali, Bogor, Bekasi, and Yogyakarta. “This tender shows that Danantara consistently ensures strong governance from […]
- [Danantara Signals $5 Billion Agricultural Investment Plan with Australian Giant](https://danantaramonitor.org/danantara-signals-5-billion-agricultural-investment-plan-with-australian-giant/): Published on February 14, 2026, by Jakarta Globe By Jayanty Nada Shofa Jakarta. Sovereign wealth fund Danantara revealed Friday that an agricultural project involving an Australian powerhouse was in the pipeline, with investments totaling Rp 84 trillion or around $5 billion. The plan — nicknamed “Johor Project” — sees the close neighbors working in concert to develop Indonesia’s agriculture industry. The fund’s boss Rosan Roeslani unveiled the Australia-backed project at the 2026 Indonesia Economic Outlook, a forum the government held to convince investors that the country was on the right track. “The Australian [investment] is pretty significant. It deals with meat […]
- [Danantara Takes Over Samarinda PLTSa Project](https://danantaramonitor.org/danantara-takes-over-samarinda-pltsa-project/): Published on February 12, 2026, by ANTARA By Ahmad Rifandi Samarinda (ANTARA) – The Daya Anagata Nusantara Investment Management Agency (Danantara) has taken over all control and authority for the strategic Waste-to-Energy Power Plant (PLTSa) project in Samarinda, East Kalimantan. “According to the latest 2026 central government regulation, we in the region are no longer permitted to continue independent agreements with investors because all PLTSa projects are now required to operate through Danantara,” said Desy Damayanti, Head of the Samarinda Public Works and Spatial Planning (PUPR) Agency in Samarinda on Thursday. According to Desy, this centralized investment policy automatically invalidates various […]
- [Danantara Explores Cooperations with Rua Al Madinah Holding](https://danantaramonitor.org/danantara-explores-cooperations-with-rua-al-madinah-holding/): Published on February 11, 2026, by Metronews.com By Eko Nordiansyah Riyadh: Danantara Indonesia, through PT Danantara Investment Management, is exploring a strategic partnership with Rua Al Madinah Holding, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to explore investment opportunities in the development of the Rua Al Madinah and Dar Al Hijrah projects. The signing of the memorandum of understanding (MoU) took place during the PIF Private Sector Forum 2026 in Riyadh. For Danantara, this partnership is part of an effort to build a long-term foundation for services for Indonesian Hajj pilgrims by strengthening an integrated, sustainable, and relevant service […]
- [Danantara Expands Portfolio to Private Companies, CIO Says](https://danantaramonitor.org/danantara-expands-portfolio-to-private-companies-cio-says/): Published on February 10, 2026, by Jakarta Globe By Bambang Ismoyo Jakarta. Indonesia’s sovereign wealth fund Danantara has begun investing not only in state-owned enterprises but also in selected private-sector companies, its chief investment officer said on Tuesday. Pandu Sjahrir said Danantara’s equity strategy is not confined to State-Owned Enterprises, but also targets private stocks with strong fundamentals and high liquidity. “We don’t limit ourselves. We look at fundamentally sound stocks — not just SOEs, but private companies as well. There are many good ones, and we have to consider them too,” Pandu said at the China Conference: Southeast Asia 2026 […]
- [Danantara Inaugurates 6 Downstream Projects Totalling 118 Trillion Rupiah](https://danantaramonitor.org/danantara-inaugurates-6-downstream-projects-totalling-118-trillion-rupiah/): Published on February 6, 2026, by Detik Finance Reported by Hana Nushratu Jakarta – Investment Management Agency Danantara Indonesia held a groundbreaking ceremony for six downstream projects across 13 locations in Indonesia worth a combined $7 billion or about 118.14 trillion rupiah. These projects are part of the national economic transformation agenda to strengthen the real sector, adding value to the domestic industries while creating more jobs and encouraging sustainable economic growth. The projects are expected to employ more than 6,000 workers. The inauguration marks the start of phase I development of Indonesia’s priority downstream projects in sectors such as energy, […]
- [Moody’s Cuts Indonesia’s Outlook to Negative, Cites Danantara Governance](https://danantaramonitor.org/moodys-cuts-indonesias-outlook-to-negative-cites-danantara-governance/): Published on February 5, 2026, by Moody’s Investors Service Singapore, February 05, 2026 — Moody’s Ratings (Moody’s) has today changed the outlook on the Government of Indonesia’s ratings (“Indonesia”) to negative from stable and affirmed the local and foreign currency long-term issuer ratings at Baa2. One of the rationales: The establishment of a new sovereign wealth fund, Danantara, has also raised uncertainties regarding its financing, governance, and investment priorities. With authority over State-Owned Enterprises (SOEs) assets exceeding US$900bn (around 60% of 2025 nominal GDP), and an ambitious agenda that includes rationalizing existing SOEs, improving SOE returns, and investing in priority sectors, […]
- [Krakatau Steel to Own a New Plant with 3 Million Tons/Year Capacity](https://danantaramonitor.org/krakatau-steel-to-own-a-new-plant-with-3-million-tons-year-capacity/): Published on February 4, 2026, by Detik Finance By Heri Purnomo Jakarta – Danantara Chief Operating Officer (COO) Dony Oskaria said PT Krakatau Steel will have an upstream steel plant in Cilegon with a production capacity of 3 million tons per year. The plant is scheduled to break ground next month. Dony said the construction of this new plant is done because Krakatau Steel has previously only operated in the midstream and downstream sectors, importing slabs and then processing them into steel derivatives. “Next month, God willing, we will break ground on our upstream development. We will begin utilizing the iron […]
- [Danantara is Ready to Become IDX Shareholder After Demutualization](https://danantaramonitor.org/danantara-is-ready-to-become-idx-shareholder-after-demutualization/): Published on January 30, 2026, by Bloomberg Technoz By Recha Tiara Dermawan Bloomberg Technoz, Jakarta – Danantara Chief Executive Officer (CEO) Rosan Roeslani said Danantara is open to becoming a shareholder of the Indonesia Stock Exchange (IDX) after the exchange’s demutualization process is complete. However, he emphasized that this step is still pending the demutualization structure and stages currently being prepared by the government and capital market authorities. “We are open. If demutualization occurs, Danantara will certainly want to join,” Rosan said in Jakarta on Friday (30/01). When asked whether Danantara’s entry would be through an initial public offering (IPO), Rosan […]
- [Danantara Quietly Enters Capital Market, Here are Its Stock Picks](https://danantaramonitor.org/danantara-quietly-enters-capital-market-here-are-its-stock-picks/): Published on January 29, 2026, by CNN Indonesia Jakarta, CNN Indonesia – BPI Danantara has apparently invested in several stocks traded on the Indonesian capital market. Danantara Chief Investment Officer (CIO) Pandu Sjahrir confirmed that Danantara has been entering the stock market daily. “We’ve invested. But we’ve been keeping it quiet. Because, you know, the market,” Pandu said while speaking at the Economic Outlook 2026 event held by the Prasasti Center at the Ritz Carlton, Jakarta, on Thursday (29/01), as quoted by CNBC Indonesia. As a company executive, Pandu revealed the criteria for stocks selected by the investment management institution during […]
- [Danantara Creates Perminas to Take Over Martabe](https://danantaramonitor.org/danantara-creates-perminas-to-take-over-martabe/): Published on January 28, 2026, by Detik Finance By Ilyas Fadilah Jakarta – Daya Anagata Nusantara Investment Management Agency (BPI Danantara) has created a new state-owned enterprise to manage mines, according to Danantara Chief Operating Officer Dony Oskaria. Dony said the new SOE, called Perusahaan Mineral Nasional (Perminas), is an independent entity under Danantara. He said Peminas is not under MIND ID, the state-owned mining industry holding. “There is Perusahaan Mineral Nasional, which we just formed. This is indeed a new firm,” he said in Jakarta on Wednesday (28/1). According to Dony, Perminas will manage the Martabe gold mine in North […]
- [Danantara to Manage Land Owned by 28 Companies Whose Licenses Were Revoked](https://danantaramonitor.org/danantara-to-manage-land-owned-by-28-companies-whose-licenses-were-revoked/): Published on January 26, 2026, by CNN Indonesia Jakarta, CNN Indonesia — Minister of State Secretary Prasetyo Hadi stated that the land and economic activities of 28 companies whose business permits were revoked will be managed by the Daya Anagata Nusantara Investment Management Agency, also known as BPI Danantara. “Regarding the issue of who will manage the land or types of businesses revoked by the state, management will be handed over to Danantara,” Prasetyo said, as quoted by Detikfinance, Monday (26/1/2026). Twenty-two companies are planned to be managed by PT Perhutani, and six others by Antam or MIND ID. “Danantara has […]
- [Indonesia’s Danantara Mulls Raising $1.2 Billion in Fresh Funding Round](https://danantaramonitor.org/indonesias-danantara-mulls-raising-1-2-billion-in-fresh-funding-round/): Published on January 19, 2026, by Bloomberg By Faris Mokhtar and Harry Suhartono Danantara, Indonesia’s new sovereign wealth fund, plans to raise 20 trillion rupiah ($1.2 billion) in the first half via a fresh round of so-called patriot bonds, according to people familiar with the matter. The fundraising would be the second such capital grab after a similar bond sale late last year. The notes’ coupon is expected to be less than market rates, the people said, requesting not to be named because the information is private. Discussions are ongoing and terms may change, they added. During the previous round, Danantara […]
- [Indonesia's SWF Danantara targets tripling assets by 2030](https://danantaramonitor.org/indonesias-swf-danantara-targets-tripling-assets-by-2030/): Published on January 21, 2026, by ANTARA By Uyu Septiyati Liman   Jakarta (ANTARA) – Indonesia’s sovereign wealth fund Danantara Indonesia aims to triple its assets by 2030 by overhauling and consolidating hundreds of state-owned enterprises, a senior executive said Tuesday at the World Economic Forum in Davos. Managing Director for Global Relations and Governance Mohamad Al-Arief said Danantara’s current assets stand at about $900 billion, equivalent to roughly 15.29 quadrillion rupiah at an exchange rate of Rp16,985 per dollar. “Within five years, we must lift asset value through stronger value creation and reach our goal of tripling it by 2030,” […]
- [Indonesia launching US$6 billion state-owned firm to shield textile industry from US tariffs, rising imports](https://danantaramonitor.org/indonesia-launching-us6-billion-state-owned-firm-to-shield-textile-industry-from-us-tariffs-rising-imports/): Published on January 15, 2026, by The Business Times By Elisa Valenta   The plan is aimed at modernising and strengthening the sector.   [JAKARTA] Indonesia plans to establish a new state-owned enterprise (SOE) focused on the textile and garment sector, a move aimed at strengthening the industry against external shocks, including US tariff risks and the flood of Chinese textile imports in recent years. Coordinating Minister for Economic Affairs Airlangga Hartarto announced on Wednesday (Jan 14) that the company will be directly managed by Danantara, the country’s sovereign wealth fund, with an initial funding allocation of up to US$6 billion. The funds will be directed towards capital equipment procurement, […]
- [CELIOS Study: PLN’s 2025-2034 Business Plan is a Ticking Time Bomb for State Budget’s Subsidy Burden](https://danantaramonitor.org/celios-study-plns-2025-2034-business-plan-is-a-ticking-time-bomb-for-state-budgets-subsidy-burden/): Published on December 24, 2025, by Jawa Pos By Nanda Prayoga   JawaPos.com – PLN’s 2025–2034 Electricity Supply Business Plan (RUPTL) is considered to have the potential to become a serious burden on the State Budget (APBN). The large involvement of private power producers, or Independent Power Producers (IPPs), is said to have direct implications for the surge in electricity subsidies and compensation that the state must bear. Bhima Yudhistira Adhinegara, Executive Director of the Center of Economic and Law Studies (Celios), in his expert testimony in the 2025–2034 PLN RUPTL case, registered number 286/G/2025/PTUN.JKT, stated that the relationship between IPPs […]
- [MIND ID and Pertamina Sign MoU to Strengthen National Energy Independence](https://danantaramonitor.org/mind-id-and-pertamina-sign-mou-to-strengthen-national-energy-independence/): Published on January 10, 2026, by TEMPO   Indonesian Mining Industry Holding Company (MIND ID) and PT Pertamina (Persero) are strengthening their strategic collaboration to support President Prabowo Subianto’s vision of strengthening the resilience and independence of the national energy sector. This collaboration focuses on accelerating the downstream processing of coal into alternative energy products such as Synthetic Natural Gas (SNG), Dimethyl Ether (DME), and Methanol by strengthening the national mineral, coal, and energy chains. This transformative step was marked by the signing of a cooperation agreement between MIND ID and Pertamina on Friday, January 9, 2026. The event was witnessed […]
- [Prabowo Reviews Danantara's US$6 Billion Downstreaming Projects](https://danantaramonitor.org/prabowo-reviews-danantaras-us6-billion-downstreaming-projects/): Published on December 4, 2026, by ANTARA Translated by Fathur R, Tegar Nurfitra   Jakarta (ANTARA) – Indonesian President Prabowo Subianto met Investment and Downstreaming Minister Rosan Roeslani at his residence in Bogor, West Java, on Sunday to discuss Rp100 trillion (US$6 billion) downstreaming projects. In an Instagram post cited in Jakarta, Cabinet Secretary Teddy Indra Wijaya explained that the projects are being managed by Danantara, Indonesia’s investment and sovereign wealth manager, where Roeslani serves as chief executive officer. “Groundbreaking ceremonies for five downstreaming projects of Danantara are scheduled to take place early next month,” he said, noting that the government […]
- [Prabowo Discusses Haji Village Development with Danantara](https://danantaramonitor.org/prabowo-discusses-haji-village-development-with-danantara/): Published on December 28, 2025, by TEMPO English By Eka Yudha Saputra   TEMPO.CO, Jakarta – President Prabowo Subianto held a meeting with Rosan Roeslani, Head of the Investment Management Agency Danantara, to discuss the progress of the Haji Village project in Saudi Arabia and housing for disaster victims in Sumatra. The meeting took place at the President’s private residence on Jalan Kertanegara IV, Jakarta, on Saturday night, December 27, 2025. Cabinet Secretary Teddy Indra Wijaya stated that President Prabowo requested a progress report on the Haji Village in Mecca, specifically focusing on tower locations, land area, and the various stages […]
- [Danantara Acquires Hotel, Real Estate Assets Near Grand Mosque in Makkah](https://danantaramonitor.org/danantara-acquires-hotel-real-estate-assets-near-grand-mosque-in-makkah/): Published on December 14, 2025 by the Jakarta Globe By Muawwan Daelami   Jakarta. Sovereign wealth fund Danantara Indonesia announced on Sunday that it has acquired hotel and real estate assets in Thakher City, an integrated development located about 2.5 kilometers from the Grand Mosque in Makkah. The acquisition aligns with the Indonesian government’s long-standing plan to develop dedicated accommodation and support facilities for Indonesian Hajj and Umrah pilgrims, who number in the millions annually. The deal was formalized through a signing between Danantara Investment Management, the fund’s investment arm, and Thakher Development Company on Sunday. Danantara secured the assets after […]
- [Indonesia Govt Pushes Dananto to Help SEZ Funding in East Indonesia](https://danantaramonitor.org/indonesia-govt-pushes-dananto-to-help-sez-funding-in-east-indonesia/): Published on December 9, 2025, by Kontan.co.id By Dendi Siswanto   KONTAN.CO.ID – JAKARTA. The efforts to accelerate the development of Special Economic Zones (SEZs) in the eastern part of Indonesia have received a boost, thanks to the support from  Indonesia’s Investment Management Agency Daya Anagata Nusantara (BPI Danantara). Acting Secretary General of the National Council of Special Economic Zones (KEK), Rizal Edwin Manansang, said the scheme for BPI Danantara’s involvement in financing the KEK is currently still in the initial discussion stage. Edwin said President Prabowo Subianto has instructed Danantara to help KEK financing, especially in the eastern part of […]
- [Danantara Chief Says MBG Kitchens Can Apply for Loans to State-Owned Lenders](https://danantaramonitor.org/danantara-chief-says-mbg-kitchens-can-apply-for-loans-to-state-owned-lenders/): Published on December 2, 2025, by Bisnis.com By Dany Saputra   Danantara CEO Rosan Roeslani announced that the construction of Free Nutritional Food (MBG) kitchens can now be financed through loans from state-owned banks (Himbara), making it easier for entrepreneurs to support government programs in the 3T frontier and outermost (3T) regions.   Bisnis.com, JAKARTA — Danantara Indonesia CEO Rosan Roeslani announced that the construction of Nutrition Fulfillment Service Units (SPPG) or Free Nutritional Food (MBG) kitchen can be financed through credit from the state-owned lenders (Himbara). Rosan stated that entrepreneurs interested in establishing MBG Kitchens to provide daily meals for […]
- [Indonesia accelerates downstreaming through BRIN-Danantara R&D](https://danantaramonitor.org/indonesia-accelerates-downstreaming-through-brin-danantara-rd/): Published on December 1, 2025, by ANTARA   Jakarta (ANTARA) – Indonesia’s National Research and Innovation Agency (BRIN) and state-run strategic investment holding Danantara are stepping up joint research efforts to accelerate the country’s downstream industrial push and strengthen national technological capabilities. In a statement issued in Jakarta on Monday, BRIN Head Arif Satria outlined three research pathways to Minister of Investment and Downstreaming and Danantara CEO Rosan Perkasa Roeslani, focusing on grassroots innovation, strategic state firms, and faster foreign technology transfer. He said BRIN aims to help achieve the government’s 8 percent growth target through innovation for MSMEs, Red and […]
- [Danantara's Fresh Funds to Revive Garuda Indonesia](https://danantaramonitor.org/danantaras-fresh-funds-to-revive-garuda-indonesia/): Published on December 2, 2025, by TEMPO English   TEMPO.CO, Jakarta – Twenty Garuda Indonesia aircraft sat idle inside a hangar at Soekarno­-Hatta International Airport in Tangerang, Banten, in October 2025. The state-owned airline was operating only 58 of the 78 planes under its management. Citilink, its subsidiary, was in a similar position, flying only half of the 64 aircraft it manages. Severe financial strain has sharply limited the company’s ability to restore grounded planes. But a new chapter for the state-owned carrier has finally arrived. A capital injection from the Daya Anagata Nusantara Investment Management Agency (Danantara) at the end […]
- [Danantara Ready to Issue Second Patriot Bonds Rp15 T, Analyst Notes](https://danantaramonitor.org/danantara-ready-to-issue-second-patriot-bonds-rp15-t-analyst-notes/): Published on November 23, 2025, by Kontan.co.id   KONTAN.CO.ID – JAKARTA. The Indonesian Investment Management Agency (BPI) Danantara plans to issue another Rp15 trillion (about $1.1 billion) worth of Patriot Bonds. This will be the second issuance after the initial issue, which attracted a number of investors with a 2% annual coupon. “The second Rp15 trillion Patriot Bond will be issued soon, with different investors from the first issuance,” Danantara’s Chief Investor Officer (CIO), Pandu Patria Sjahrir, told Kontan.co.id recently. Return Concerns and Crowding Out Risk Deni Friawan, a researcher from the Economics Department of CSIS Indonesia, assessed that the planned […]
- [Danantara Spends Rp2.4 T for MBG Supplier Cattle Breeders](https://danantaramonitor.org/danantara-spends-rp2-4-t-for-mbg-supplier-cattle-breeders/): Published on November 21, 2025, by CNN Indonesia   Jakarta, CNN Indonesia – The Danantara Investment Management Agency (BPI Danantara) will allocate approximately Rp2.4 trillion for the development of integrated cattle farms to support the Free Nutritious Meals (MBG) program. Agriculture Minister Andi Amran Sulaiman stated that the large investment covers the entire production chain, including processing. “The cattle [farming] package [which was discussed] yesterday, from upstream to downstream, was Rp2.4 trillion,” he said when met at his residence in South Jakarta on Friday (21/11). “The funding is planned to come from Danantara,” he said. Amran explained that the project is […]
- [Danantara to Buy 80 Ha Land for Hajj Village in Makkah](https://danantaramonitor.org/danantara-to-buy-80-ha-land-for-hajj-village-in-makkah/): Published on November 19, 2025, by CNN Indonesia   Jakarta, CNN Indonesia — The government, through the Daya Anagata Nusantara Investment Management Agency (Danantara), will purchase 80 hectares of land for the development of a Hajj village in Makkah, Saudi Arabia. Danantara Chief Investment Officer (CIO) Pandu Sjahrir stated that Danantara is currently in a bidding process against 90 bidders from other countries for the land. “So, we have submitted the bidding, and we will know the results by mid-December. Apparently, there are almost 90 bidders who have submitted their bids for the land we want,” Pandu said at the Antara […]
- [Danantara Takes Over Pertamina’s Hospital Business](https://danantaramonitor.org/danantara-takes-over-pertaminas-hospital-business/): Published on November 19, 2025, by Bisnis.com By Anggara Pernando   Danantara Asset Management is set to take over the majority stake of Pertamina Medika as part of the efforts to simplify state-owned businesses by Danantara.   Bisnis.com, JAKARTA – The efforts to simplify state-owned businesses under the sovereign wealth fund Daya Anagata Nusantara (BPI Danantara) continue. The SWF, through PT Danantara Asset Management, announced the plan to take over the hospital subsidiary of PT Pertamina (Persero), which is managed by PT Pertamina Bina Medika IHC. In an announcement on Wednesday (19/11), Danantara said it will take over the majority stake […]
- [Danantara Seeks to Reignite UAE Investment in Indonesian Aluminium](https://danantaramonitor.org/danantara-seeks-to-reignite-uae-investment-in-indonesian-aluminium/): Published on November 20, 2025, by Jakarta Globe By Jayanty Nada Shofa Jakarta. Sovereign wealth fund Danantara is trying to attract some Emirati investments as Indonesia seeks to move up the value chain in the aluminium industry. The United Arab Emirates (UAE) has long been exploring possible aluminum investments in the resource-rich country. Emirates Global Aluminum (EGA) has even struck some deals with the state-owned metal smelting company Inalum, although their cooperation has faced some setbacks. Danantara’s boss Rosan Roeslani had met with Emirati Energy Minister Suhail Mohamed Al Mazrouei in Jakarta on Wednesday night for some discussions aimed at reigniting […]
- [Danantara Cuts Capital Injection to Garuda Indonesia to Rp23.6 Trillion](https://danantaramonitor.org/danantara-cuts-capital-injection-to-garuda-indonesia-to-rp23-6-trillion/): Published on November 8, 2025, by TEMPO By Adil Al Hasan   Garuda Indonesia Deputy Director Thomas Oentoro said the adjustment automatically changes the company’s plans.   PT Garuda Indonesia Tbk announced a reduction in the capital injection from Daya Anagata Nusantara Investment Management Agency (Danantara) from Rp29.8 trillion to $1.4 billion or Rp23.6 trillion. The listed company, coded GIAA, received the adjustment from Danantara on October 29, 2025. Garuda Indonesia Deputy Director Thomas Oentoro said the adjustment automatically changes the company’s plans. “There have also been adjustments to the planned use of funds, which no longer include fleet expansion,” he […]
- [Jordan’s King to Visit Jakarta This Week, Plans Talks with Danantara](https://danantaramonitor.org/jordans-king-to-visit-jakarta-this-week-plans-talks-with-danantara/): Published on November 11, 2025, by The Jakarta Globe By Jayanty Nada Shofa Jakarta. Jordanian King Abdullah II is expected to travel to Jakarta later this week to meet President Prabowo Subianto, with whom he shares a decades-long bond. Foreign Affairs Minister Sugiono has confirmed Abdullah II’s visit. The chief diplomat did not disclose the details,  except that the leaders’ talks were scheduled for Friday. And such high-level meetings traditionally cover bilateral economic cooperation, the sovereign fund Danantara included.  “[The president] will host the Jordanian king in Jakarta on Nov. 14 [Friday], if there are no changes to the plans,” Sugiono […]
- [Danantara to Fund 20 Trillion Rupiah Chicken Farming Project to Support MBG](https://danantaramonitor.org/danantara-to-fund-20-trillion-rupiah-chicken-farming-project-to-support-mbg/): Published on November 7, 2025, by CNBC Indonesia By Martyasari Rizky Jakarta, CNBC Indonesia – The Indonesian government plans to invest Rp20 trillion to build broiler and layer chicken farms in various regions across Indonesia. This step is part of a broader strategy to strengthen the national food supply to support the implementation of the Free Nutritious Meals (MBG) program initiated by President Prabowo Subianto.  Minister of Agriculture and Head of the National Food Agency (Bapanas), Amran Sulaiman, stated that the development of these chicken farms was the result of an agreement reached at a final meeting on downstreaming in the […]
- [Ending the Era of Plasma Drug Imports, Danantara–SK Prepares Factory in Karawang](https://danantaramonitor.org/ending-the-era-of-plasma-drug-imports-danantara-sk-prepares-factory-in-karawang/): Published on November 1, 2025, by Bisnis.com   Danantara and SK Plasma are collaborating to build a plasma drug factory in Karawang, reducing imports and increasing Indonesia’s healthcare independence, with completion scheduled for 2026.   By Anggara Pernando   Bisnis.com, JAKARTA – Danantara Indonesia signed a Memorandum of Understanding with South Korean biotechnology company SK Plasma Co Ltd and its subsidiary PT SKPlasma Core Indonesia as part of the efforts to strengthen national health sector. The strategic partnership was meant to reduce Indonesia’s dependence  on imported plasma-derived drugs and encourage self-sufficiency in domestic production.   The signing took place in Jakarta […]
- [South Korea Offers 35% Stake in Lotte Chemical Worth 66.5 Trillion Rupiah to Danantara](https://danantaramonitor.org/south-korea-offers-35-stake-in-lotte-chemical-worth-66-5-trillion-rupiah-to-danantara/): Published on October 31, 2025, by Bisnis.com   By Akbar Evandio   Bisnis.com GYEONGJU – Investment and Downstreaming Minister Rosan Roeslani said Danantara Investment Management Agency is studying the opportunity to acquire 35% stake in Lotte Chemical project in Cilegon, Banten.   Rosan said the project worth US$4 billion or about Rp66.5 trillion (US$1=Rp16,600) is among the largest South Korean investments that will be inaugurated by the Indonesian government soon.   He said Lotte Chemical has finished the construction of an integrated chemical industry facility and it plans to inaugurate the project on November 6, 2025, which will be attended by […]
- [Danantara Dismantles Krakatau Steel: Never Profitable](https://danantaramonitor.org/danantara-dismantles-krakatau-steel-never-profitable/): Published on October 31, 2025, by CNBC Indonesia   By  Romys Binekasari   Jakarta, CNBC Indonesia – Daya Anagata Nusantara Investment Management Agency (BPI Danantara) recently agreed to provide Rp8.28 trillion in loans to listed steel maker PT Krakatau Steel (Persero) Tbk.   Managing Director, Stakeholder Management and Communications Danantara Indonesia Rohan Hafas said Krakatau Steel is in need of improvements.   He said the steel maker has a lot of problem, therefore Danantara was completely dismantling the company to make improvements.   “It [should be] completely dismantled. It was never profitable. It was never good. It was never efficient,” he […]
- [Purbaya Responds to Jokowi on High-Speed ​​Rail, Asks Danantara to Settle Debt](https://danantaramonitor.org/purbaya-responds-to-jokowi-on-high-speed-rail-asks-danantara-to-settle-debt/): Published on October 29, 2025, by Detik Finance   By Shafira Cendra Arini   Jakarta – Minister of Finance Purbaya Yudhi Sadewa responded to 7th President Joko Widodo’s (Jokowi) statement regarding the Jakarta-Bandung High-Speed ​​Train (KCJB), or Whoosh. The project is considered a form of social investment.   Purbaya agrees that the Whoosh project is not merely about profit, but rather a form of social investment. He believes that the first high-speed train project in ASEAN is also part of a regional development mission.   “There’s some truth to that, because Whoosh actually has a regional development mission,” Purbaya said at […]
- [Haji Isam Joins Meeting with Danantara CEO and TNI Commanders](https://danantaramonitor.org/haji-isam-joins-meeting-with-danantara-ceo-and-tni-commanders/): Published on October 27, 2025, by TEMPO   The Owner of PT Jhonlin Agro Raya Tbk (JARR), Andi Syamsuddin Arsyad, joined a coordination meeting with Daya Anagata Nusantara Investment Management Agency, also known as Danantara. The weeting was revealed on Danantara Chief Executive Officer Rosan Roeslani’s Instagram post on Sunday (26/10).   In the video, the man who is known as Haji Isam attended the meeting discussing mineral  industry in the country. “Mineral industry coordination is increasingly strategic for Indonesia,” Rosan wrote in the caption of the video he uploaded.   Besides Isam, the meeting was also attended by Minister of […]

## Pages

- [Battery Energy Storage System](https://danantaramonitor.org/project-tracking/battery-energy-storage-system/): Project Tracking > Battery Energy Storage System No. Project Location Description Project Owner Date Start Status Target Completion Source 1 IKN Nusantara Solar Power Plant / Nusantara Sembcorp Solar Energi (NSSE) Penajam Paser Utara Regency, East Kalimantan; serving Indonesia’s new capital, Nusantara (IKN) Integrated solar-and-storage project: 50 MWac / 71.32 MWp solar PV plus BESS. PLN NP’s flagship-project page states 10 MWh BESS, while financial-close reporting specifies a 14.2 MWh BESS; the latter is the project’s more detailed recent figure. The project is expected to generate about 92.8 GWh annually. PT Nusantara Sembcorp Solar Energi (NSSE) joint venture: PLN Nusantara Renewables […]
- [Geothermal](https://danantaramonitor.org/project-tracking/geothermal/): Project Tracking > Geothermal No. Project Location Description Project Owner Date Start Status Target Completion Source 1 Lumut Balai Unit 2 Muara Enim Regency, South Sumatra A 55 MW geothermal generating unit in the Lumut Balai Geothermal Working Area (WKP), adding electricity to the PLN grid. PT Pertamina Geothermal Energy Tbk (PGE), a Pertamina subsidiary; Pertamina is an Indonesian SOE. First synchronization: 14 June 2025 Operational. Initial synchronization was completed in June 2025; the unit subsequently reached commercial operation in June 2025. COD achieved: 30 June 2025 PGE 2 Lumut Balai Unit 3 Lumut Balai WKP, South Sumatra A 55 MW […]
- [Grid Transmission](https://danantaramonitor.org/project-tracking/grid-transmission/): Project Tracking > Grid Transmission No. Project Location Description Project Owner Date Start Status Target Completion Source 1 PLN Transmission Network Expansion Programme (RUPTL 2025–2034) Nationwide, including intra-island and inter-island systems PLN’s national transmission expansion plan calls for 47,758 circuit-kilometres (ckm) of additional transmission network and 107,950 MVA of new substation capacity. It is designed to connect renewable-energy zones, industrial demand, and more integrated island power systems. Estimated transmission and substation investment: IDR392.1 trillion (about USD24.4 billion). PT PLN (Persero), Indonesia’s state electricity company. PLN is a state-owned enterprise whose asset-management oversight is linked to Danantara. 2025 Planned / implementation phase […]
- [Hydroelectric Power Plant](https://danantaramonitor.org/project-tracking/hydroelectric-power-plant/): Project Tracking > Hydroelectric Power Plant No. Project Location Description Project Owner Date Start Status Target Completion Source 1 Upper Cisokan Pumped Storage Hydropower Plant (UCPS) West Bandung and Cianjur Regencies, West Java; using the Cisokan and Cirumamis Rivers A 1,040 MW pumped-storage hydropower plant with upper and lower reservoirs and associated 500 kV transmission lines. It is intended to supply peak power to the Java–Bali grid and provide flexibility for higher variable-renewable penetration. PT PLN (Persero) is the developer and implementing entity. Financing involves the World Bank and Asian Infrastructure Investment Bank. As PLN is a strategic SOE, the project […]
- [Wind Power Plant](https://danantaramonitor.org/project-tracking/wind-power-plant/): Project Tracking > Wind Power Plant No. Project Location Description Project Owner Date Start Status Target Completion Source 1 Tanah Laut Wind Power Plant (PLTB Tanah Laut) Tanah Laut Regency, South Kalimantan A 70 MW wind farm comprising 11 turbines of 6.6 MW each, paired with a 10 MW / 10 MWh battery energy storage system (BESS). It is intended to manage wind intermittency and supply the Kalimantan interconnected grid. PLN Group describes it as its first wind project and Kalimantan’s first wind power plant. Developed and to be operated by PT Tala Alam Baru, a joint venture. PT Bayu Energi […]
- [Solar Panel](https://danantaramonitor.org/project-tracking/solar-panel/): Project Tracking > Solar Panel No. Project Location Description Project Owner Date Start Status Target Completion Source 1 Cirata Floating Solar PV Plant Cirata Reservoir, spanning Purwakarta, Cianjur, and West Bandung regencies, West Java A 145 MWac / 192 MWp floating PV plant using more than 340,000 panels. It occupies roughly 4% of the reservoir surface and supplies the Java–Madura–Bali grid. PT PLN (Persero), through PLN Nusantara Power / PLN Nusantara Renewables and project company PT Pembangkitan Jawa Bali Masdar Solar Energi (PMSE); Masdar is the international partner. Construction ran for about three years before inauguration; PPA was signed in January […]
- [Coal-To-DME](https://danantaramonitor.org/project-tracking/coal-to-dme/): Project Tracking > Coal-To-DME No. Project Location Description Project Owner Date Start Status Target Completion Source   1 Tanjung Enim Coal-to-DME Project Tanjung Enim Industrial Estate, Muara Enim Regency, South Sumatra A mine-mouth coal-gasification project intended to convert about 7 million tonnes of coal annually into 1.4 million tonnes of DME per year—roughly equivalent to 1 million tonnes of LPG substitution. DME is intended to reduce Indonesia’s LPG-import dependence. The project is initiated/managed under BPI Danantara; implemented by SOE mining holding MIND ID, PT Bukit Asam Tbk (PTBA) as coal supplier and planned DME producer/operator, and PT Pertamina (Persero) as offtaker, […]
- [Waste-To-Energy](https://danantaramonitor.org/project-tracking/waste-to-energy/): Project Tracking > Waste-To-Energy No. Project Location Description Project Owner Date Start Status Target Completion Source 1 PLTSa Benowo Surabaya, East Java Waste-to-energy facilities at Benowo landfill. The project includes landfill-gas power generation and a thermal gasification-based plant; total reported capacity is around 10.65 MW (1.65 MW landfill gas plus 9 MW gasification). Surabaya City Government owns/controls the landfill asset. PT Sumber Organik is the independent power producer/operator under a 20-year landfill-management concession; PLN is the power offtaker. PT Sumber Organik’s concession began in October 2012; landfill-gas generation began November 2015. Operating. Landfill-gas facility has operated since November 2015; the 9 […]
- [Coal Phase-Out](https://danantaramonitor.org/project-tracking/coal-phase-out/): Project Tracking > Coal Phase-Out No. Project Location Coordinates Date Start Status Target Completion Source 1 660 MW Cirebon-1 Early Retirement Pilot Cirebon, West Java PT Cirebon Electric Power (CEP) November 14, 2022 Cancelled – Reuters Location
- [Terms of Service](https://danantaramonitor.org/terms-of-service/): Last Updated: [Date] Welcome to Danantara Monitor. By accessing or using our website https://danantaramonitor.org/, you agree to be bound by these Terms of Service. Please read them carefully. 1. Acceptance of Terms By accessing or using our website, you agree to comply with and be legally bound by these Terms. If you do not agree, please do not use our site. 2. Purpose of the Website Danantara Monitor is an independent platform dedicated to monitoring, reporting, and analyzing matters of public interest. The information provided is for general informational purposes only and should not be considered as legal, financial, or professional […]
- [Privacy Policy](https://danantaramonitor.org/privacy-policy-danantara-monitor/): Last Updated: [Date] Welcome to Danantara Monitor. We value your privacy and are committed to protecting the personal information you share with us. This Privacy Policy explains how we collect, use, and protect your information when you visit our website at https://danantaramonitor.org/. 1. Information We Collect We only collect information necessary to operate and improve our website, including: Automatically collected data such as IP address, browser type, operating system, pages visited, and visit timestamps, obtained through analytics services like Google Analytics. Voluntarily provided data, such as your email address when you subscribe to our newsletter or contact us via our contact […]
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- [Advocacy](https://danantaramonitor.org/advocacy/): Advocacy As Danantara rapidly expands its influence over Indonesia’s public assets and development agenda, it’s critical that civil society, media, researchers, and policymakers come together to demand transparency, accountability, and participatory governance. Our Advocacy Agenda 1. Increases Public Participation Major projects funded by Danantara—such as downstream mining, energy, infrastructure or agriculture megaprojects—are decided without public input. We push for mandatory public consultation, social impact assessments, and community consent in every major investment. 2. Standard Open Data Principles Referring to the Open Data Charter Principles developed in 2015 by governments, civil society organizations, and experts from various countries to represent the globally […]
- [Project Tracking](https://danantaramonitor.org/project-tracking/): Project Tracking Here, we track where the money goes, which state-owned assets are being mobilized, and what projects are being prioritized—often without public debate, transparent contracts, or public oversight. Strategic Projects Strategic Projects Location Rp Triliun Workforce Latest Update Link DME Industry (Coal) Bulungan, Kutai Timur, Kota Baru, Muara Enim, Pali, Banyuasin 164 34.800 Coal processing facility into DME in Tanjung Enim (South Sumatra) part of Phase 2 groundbreaking on April 2026   Oil Refinery Lhokseumawe, Sibolga, Natuna, Cilegon, Sukabumi, Semarang, Surabaya, Sampang, Pontianak, Badung (Bali), Bima, Ende, Makassar, Donggala, Bitung, Ambon, Halmahera Utara, Fakfak 160 44.000     Oil Storage […]
- [About Us](https://danantaramonitor.org/about-us/): About Us Danantara Monitor is an independent initiative dedicated to monitoring, analyzing, and exposing the power and influence of Danantara, Indonesia’s sovereign wealth fund (SWF). We believe that public wealth must be managed with public accountability—not secrecy, elite control, or unchecked ambition. To understand how our public wealth is being used—and who benefits from it—we must follow the flow of capital. Increasingly, that capital is being funneled through a financial structure that operates without public consultation, without independent audits, and without meaningful democratic oversight: Danantara. Financial institutions, state officials, and private actors are not used to being scrutinized for how they […]
- [Home](https://danantaramonitor.org/): Track the Trillions.Expose the Silence. A US$1 trillion SWF need public oversight, sustainable investment roadmap and independent monitoring. https://youtu.be/jhien14LxfA?si=VFitZwZJQEs6Z_a1 It’s time to expose how trillions in public assets are being moved with little oversight, under the name of Danantara. GO TO ADVOCACY The Danantara Files View Full Report A closer look at the state-owned giants placed under Danantara’s control—who controls what, how much is at stake, and what the public still doesn’t know. Strategic Projects Strategic Projects Location Rp Triliun Workforce Latest Update Link DME Industry (Coal) Bulungan, Kutai Timur, Kota Baru, Muara Enim, Pali, Banyuasin 164 34.800 Coal processing facility […]

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