The formation of the new investment management body, Danantara, by the Indonesian Solidarity Party (PSI) has been met with positive reception, being recognized as a creative step towards addressing global economic challenges and internal needs within Indonesia. The spokesperson of the PSI Central Executive Board, Kokok Dirgantoro, emphasized the necessity of innovative breakthroughs amid economically challenging situations to ensure the healthy and progressive development of Indonesia’s economy. In a written statement on Sunday, Kokok highlighted the importance of initiatives like Danantara in propelling the nation’s economy forward amidst global challenges and internal demands.
Strategic Investment Management
Danantara, as an investment management body, holds a crucial role in overseeing state assets and investing in strategic projects. Through proper and efficient management, state assets can yield optimal benefits and have a positive impact on Indonesia’s economy. Kokok expressed confidence that with professional management, Danantara could assist in achieving the nation’s ambitious economic growth target of up to 8 percent annually. This strategic approach is aimed at supporting Indonesia in enhancing its national economy in the long term, reflecting the country’s ability to adapt to modern developments and exhibit the creativity needed to progress under the leadership of President Prabowo Subianto.
Accountability and Oversight
While Danantara plays a significant role in managing state assets, it remains under strict supervision to ensure compliance with regulations and uphold good corporate governance practices. Oversight is conducted by Danantara’s supervisory board and the Indonesian House of Representatives (DPR) to guarantee that all business decisions adhere to applicable laws and do not violate ethical corporate practices. Kokok emphasized that Danantara is not immune to legal repercussions, stating that any unlawful decisions or conflicts of interest would be subject to legal processes. The establishment of Danantara is seen as a strategic move that can bolster Indonesia’s economic growth in the long run, showcasing the country’s ability to adapt to changing times and its creative drive to forge ahead.
President Prabowo Subianto is scheduled to launch Danantara on Monday, February 24, 2025. This initiative signifies a crucial step towards enhancing Indonesia’s economic landscape and fostering sustainable growth in the years to come. As the nation prepares to embark on this innovative economic venture, the eyes of the world will be watching to see how this strategic investment management body will shape the future of Indonesia’s economy.
