Danantara to Gradually Take Over Indonesia’s Entire SOE Portfolio, CEO Rosan Confirms

Jakarta, xweb.biz.id – Indonesia’s sovereign wealth fund, Daya Anagata Nusantara (Danantara), will oversee the management of all state-owned enterprises (SOEs) as part of an extensive consolidation strategy, CEO Rosan Roeslani announced on Monday at the Presidential Palace.

“All SOEs will eventually be consolidated under Danantara,” Rosan stated, marking a significant shift in the country’s approach to managing state assets.

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A Gradual Integration Process

The integration will begin with seven major SOEs: Bank Mandiri, Bank BRI, Bank BNI, Telkom Indonesia, PLN, Pertamina, and MIND ID. According to Rosan, this is only the first phase of a broader restructuring plan that will unfold in stages.

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“It’s not just these seven SOEs; we will gradually expand the scope,” Rosan explained, emphasizing that the transition will be carefully managed to ensure efficiency and value creation.

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Managing a $900 Billion Portfolio

Danantara is set to oversee more than $900 billion (Rp 14,724 trillion) in assets, positioning it as one of the largest sovereign wealth funds globally. In its initial phase, the fund will control $20 billion (Rp 325.8 trillion) in investments, focusing on strategic sectors such as downstream industrialization, infrastructure, and sustainability initiatives.

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Rosan, who also serves as Indonesia’s Investment Minister, highlighted that Danantara’s role is not only to enhance asset value but also to accelerate national economic growth and job creation.

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“We are consolidating all these assets to create value. The president’s key directive is to position Danantara as a global champion—not just regionally but internationally. Most importantly, our top priority is job creation,” he stated.

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Emphasis on Governance and Transparency

As Danantara assumes control of Indonesia’s SOEs, concerns over transparency and governance have been addressed through strict regulatory measures.

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“We aim to uphold good corporate governance and maintain the highest standards in managing these assets,” Rosan assured, adding that comprehensive evaluations will be conducted to ensure long-term sustainability.

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With its ambitious mandate, Danantara is poised to become a major force in global markets, leveraging Indonesia’s vast state-owned assets to drive long-term economic expansion and reinforce the nation’s financial strength on the international stage.

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