Indonesia Launches Sovereign Wealth Fund Named Danantara

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Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "This Why Electronic Land Certificates Are Safer Than Physical Ones", "A Russian Military Court Sentenced a Man Accused of Spying", you may read also "The Case of The Cinema Being Sued Because it Took Too Long to Show Advertisements" and on this occasion we will discuss about 'Indonesia Launches Sovereign Wealth Fund Named Danantara'.

President Prabowo Subianto officially launched the Anagata Nusantara Power Investment Management Agency (Danantara) in a ceremony at the Jakarta Presidential Palace on Monday, February 24 2025. The launch of Danantara marks the government's strategic step in managing national investment to encourage sustainable economic growth. "Today's launch of Danantara Indonesia has a very important meaning because Danantara Indonesia is not just an investment management body but must become a national development instrument that will optimize the way we manage Indonesia's wealth," said the President. The President emphasized that Danantara is not just an investment fund, but a breakthrough in managing state assets which aims to improve people's welfare. The government, he continued, has proven its commitment to disciplined and transparent financial management.[1]

"We have proven our commitment to managing state assets with strict financial discipline and responsible governance. In the first 100 days of the government that I led, we succeeded in securing more than 300 trillion rupiah, almost 20 billion dollars in the form of state savings," said the President. The funds that have been successfully secured will be managed by Danantara and invested in various national strategic projects, including industrialization and downstreaming. The President believes that these projects will provide significant added value to the national economy. "High impact projects that will create significant added value for our nation, create real benefits, quality jobs and long-term prosperity for the Indonesian people," added the President.[2]

On this occasion, the President expressed his appreciation to all parties who played a role in realizing Danantara. He called this launch a historical milestone towards economic independence, national resilience and people's welfare. "With Daya Anagata Nusantara, which means future energy for the archipelago, future energy for Indonesia," said the President. The Head of State reminded Danantara Indonesia to be managed carefully and transparently. With this launch, the President believes that Indonesia can continue to move forward and be stronger and more united than before. “With this belief, let us move together, united in purpose, firm in determination, and confident that Indonesia's greatest achievements are still ahead of us. Brothers and sisters, believe that Indonesia will achieve its goals, we will become a developed country, a prosperous country, an honorable country," concluded the President.[3] 

As additional information, neighboring Singapore has a Souverign Wealth Fund called Temasek Holdings. Temasek has been established since 1974. As an investment agency, Temasek invests more in the form of equity. As of 2021, Temasek owns and manages a net portfolio of S$ 405 billion. And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

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References:

1. "Presiden Prabowo Resmikan Danantara, Wujud Komitmen Pengelolaan Investasi Berkelanjutan", www.ksp.go.id., 24/02/2025, Diakses pada tanggal 27 Februari 2025, Link: https://www.ksp.go.id/presiden-prabowo-resmikan-danantara-wujud-komitmen-pengelolaan-investasi-berkelanjutan.html

2. Ibid.

3. Ibid.