Dasco Reveals Why Prabowo Wants Danantara Sovereign Fund Established Immediately

Danantara: Indonesia’s New Sovereing Wealth Fund

President Joko Widodo has taken a bold step towards strengthening indonesia’s economic future with the creation of the Daya Anagata Nusantara Investment Management Agency (Danantara), a sovereign wealth fund poised to reshape the nation’s investment landscape. President Widodo, who also chairs the Gerindra Party, announced the official launch of Danantara on February 24th.

Maximizing SOE Dividends

According to Sufmi dasco Ahmad, the daily chief executive of the Gerindra Party, President Widodo’s vision for Danantara is to strategically manage and maximize dividends generated by state-owned enterprises (SOEs). “Pak Prabowo wants Danantara to be formed quickly to maximize SOE dividends,” Dasco told Tempo in a phone interview.“For the people’s benefit,without relying on foreign loans,”

A Portfolio for National Advancement

Danantara is expected to play a pivotal role in channeling SOE profits into high-impact,sustainable projects across various sectors. President Widodo detailed this vision in a speech at the 2025 World Governments Summit, stating, “Danantara, which will be launched on February 24 this month, will invest our natural resources and national assets into high-impact, sustainable projects in various sectors, including renewable energy, advanced manufacturing, downstream industries, food production, and more.”

A Clear Division of Responsibilities

The government has outlined a clear division of responsibilities within the new framework. While Danantara will manage SOE operations and investments, the Ministry of SOEs will retain its regulatory authority, overseeing the planning and governance of SOEs.

Managing US$900 Billion in Assets

Initial estimations indicate that Danantara will be tasked with managing a ample US$900 billion in assets under management (AUM), signifying the notable trust placed in the fund’s ability to drive national economic development.

Looking Ahead

The launch of danantara marks a significant milestone for Indonesia’s economic future. This bold initiative has the potential to unlock significant value from SOE assets, stimulate investment across key sectors, and create lasting benefits for the Indonesian people. As Danantara begins its journey, it will be closely watched by investors, policymakers, and citizens alike, with hopes that it will deliver on its aspiring goals and pave the way for a more prosperous Indonesia.

What are the key challenges and opportunities in managing a portfolio of over $900 billion in assets?

Expert Insights: Indonesia’s Danantara SWF – A Game Changer?

An Interview with Dr. Yudhistira Ginting, Chief Investment Strategist at Danantara Investment Agency

Archyde sat down with Dr.Yudhistira Ginting, the recently appointed Chief Investment Strategist at Indonesia’s newly formed Daya Anagata Nusantara Investment management Agency (Danantara), to discuss the fund’s enterprising mission and potential impact on the nation’s economic landscape.

Maximizing SOE Dividends: Danantara’s Core Mandate

Q: Dr.Ginting, thank you for taking the time to speak with us. Let’s start with Danantara’s core mandate. How do you plan to strategically manage and maximize dividends from state-owned enterprises (SOEs)?

A: thank you for having me. our primary goal is to unlock the full potential of SOEs to generate dividends that can be reinvested into high-impact projects. We’ll achieve this by improving SOE governance, enhancing operational efficiency, and opening up opportunities for strategic partnerships, both domestically and internationally.

Investing in National Advancement

Q: President Widodo has outlined several sectors for Danantara’s investments. How do these align with Indonesia’s long-term economic vision, and what impact do you foresee?

A: These sectors are strategic for Indonesia’s economic advancement. By investing in renewable energy, we can reduce our carbon footprint and secure a more sustainable future. Advanced manufacturing and downstream industries can create high-value jobs, while enhanced food production can ensure our food security. We’re confident that these investments will drive meaningful economic growth and create lasting benefits for the Indonesian peopel.

Clear Division of Responsibilities

Q: Can you shed some light on the reciente roles of Danantara and the Ministry of SOEs?

A: Absolutely.While Danantara will focus on managing SOE operations and investments to maximize returns, the Ministry of SOEs will retain its regulatory authority, overseeing the planning and governance of SOEs. This clear division ensures that we complement each other’s efforts, working together to strengthen Indonesia’s SOE ecosystem.

Managing a Substantial Portfolio

Q: With over $900 billion in assets under management, what are the key challenges and opportunities in managing such a substantial portfolio?

A: Managing such a large portfolio comes with its challenges, from risk management to maintaining professionalism and integrity. However, the size of our portfolio also presents numerous opportunities, allowing us to make significant investments in transformative projects that can reshape Indonesia’s economic landscape. We’re committed to attracting top talent and fostering a culture of excellence to tackle these challenges head-on.

Looking Ahead: Thoughts on Indonesia’s Economic future

Q: As Danantara begins its journey, what’s one thought you’d like to leave our readers with?

A: the success of Danantara is not just about numbers or investments. It’s about creating a brighter future for all Indonesians. We invite our fellow citizens, and also the global investment community, to join us in this mission. Let’s work together to unlock Indonesia’s true economic potential and build a more prosperous nation.