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 increase the companies’ performances.
“In its turn, it can also improve competitiveness and scope, as well as the size of the companies,” he said.
Still, Mahendra said the support remains in principal because the process has yet to enter the implementation phase. OJK is still waiting for developments and details from Danantara before giving out assessment or final approval.
“In the operational or implementation phase, we are still listening to further developments,” Mahendra said.
Danantara to Consolidate Logistics and Insurance SOEs
Danantara Chief Operating Officer (COO) Dony Oskaria stated that his company plans to consolidate SOEs in the logistics sector and insurance companies. In the logistics sector, there are currently 18 similar SOEs that are deemed uncompetitive and therefore need to be consolidated.
“The 18 logistics companies will become one logistics company with a large enough scale, competitiveness, and competitiveness. It will also provide significant added value for Danantara,” Dony said at the IKA Fikom Unpad First Quarter Executive Breakfast Meeting at Hutan Kota Plataran, Central Jakarta, on Wednesday (18/6).
For insurance SOEs, a fundamental business review has been conducted. The results revealed 16 SOEs operating similar businesses, but they are still small-scale and not competitive enough compared to private companies, so they will be cut.
“Our insurance coverage might be divided into three: life insurance, general insurance, and credit insurance,” he said.