The Indonesian state asset fund Danantara has selected eight consortia to lead the second phase of the country’s waste-to-energy (WtE) program. This expansion targets 20 cities and regencies, aiming to integrate international technology and capital into Indonesia’s waste management sector. According to Danantara, the developers have received conditional letters of award, contingent upon meeting technical, … Read more
Indonesia and Singapore are advancing plans for a major cross-border renewable energy project, though a final agreement on electricity pricing remains the primary hurdle. During a recent visit to Jakarta, Singapore Prime Minister Lawrence Wong and Indonesian President Prabowo Subianto signed bilateral agreements to cooperate on low-carbon electricity exports, signaling a commitment to the initiative … Read more
Indonesia’s Finance Minister Purbaya Yudhi Sadewa announced plans to establish an International Financial Center (PFII) aimed at diversifying the country’s funding sources by attracting global investors to purchase government bonds and finance development projects, according to a statement to lawmakers on Thursday. What is the PFII and how does it work? The proposed International Financial … Read more
Indonesian Minister of Finance Purbaya Yudhi Sadewa announced a 2027 fiscal strategy aimed at boosting economic growth to between 5.8 and 6.5 percent. During a June 10, 2026, meeting with the House of Representatives, Purbaya outlined a plan to leverage the State Budget and Danantara to accelerate investment, with the ultimate goal of reaching 8 … Read more
Indonesia’s newly established export agency, Danantara Sumberdaya Indonesia (DSI), has confirmed there are no immediate plans to go public, as the country’s trade system undergoes a significant restructuring. The move comes amid heightened scrutiny of the sovereign wealth fund’s role in centralizing exports of key commodities like palm oil, coal, and ferroalloy. President Prabowo Subianto’s … Read more
Indonesia’s sovereign wealth fund, Danantara Indonesia, currently manages approximately $12 billion in investments, according to Chief Investment Officer Pandu Satria Sjahrir. Currency Fluctuations and Investment Value Speaking at the Investor Daily Roundtable at Hotel Mulia Senayan in Jakarta on Tuesday, Sjahrir noted that the fund’s investment value has declined from roughly $14 billion at the … Read more
Strengthening Economic Ties: The Future Fund and Danantara Collaboration With the Australian Prime Minister Anthony Albanese embarking on his first international trip, his visit was not by chance. His destination? Indonesia, a country of immense strategic importance outlined during a meeting between leaders at President Prabowo Subianto’s Jakarta palace. Both nations aim to deepen economic … Read more
Enhancing Corporate Governance through Regulatory Oversight Regulatory bodies like BADAN PENGELOLA INVESTASI DAYA (Danantara) are taking decisive steps to enhance corporate governance among state-owned enterprises (BUMN). On May 5, 2025, Danantara issued Circular S-027/DI-BP/V/2025, instructing BUMNs to postpone their General Shareholders’ Meetings (RUPS) and significant corporate actions until thorough evaluations are completed by Danantara and … Read more
Understanding the Role of the KPK in Danantara Oversight The appointment of the KPK Chair as part of the Danantara Oversight Committee highlights a significant intersection of anti-corruption efforts and economic strategy in Indonesia. This decision underscores the importance of the KPK’s role in ensuring transparency and accountability within state mechanisms. The KPK, known for … Read more
The Future of Indonesia’s Agriculture and Fisheries: A Look at Agrinas Revitalizing Indonesia’s Agricultural and Fisheries Sector The Indonesian government has embarked on a transformative initiative to consolidate three state-owned enterprises—Virama Karya, Yodya Karya, and Indra Karya—into a unified entity named Agrinas. This move is funded through the newly established Danantara sovereign wealth fund, aiming … Read more