JAKARTA, RAKYAT NEWS – Danantara, the Indonesian government’s new investment body, is set to launch in the first quarter of 2025. Often compared to Singapore’s Temasek, this body has generated significant anticipation as a potential powerhouse for the country’s economic development.

According to Prasetyo Hadi, Indonesia’s Minister of State Secretary, the official launch timeline for Danantara remains optimistic, with an expected rollout soon after the passage of the revised State-Owned Enterprises (SOE) law.

The revised version of the law, which will change the State-Owned Enterprises Law No. 19 of 2003, is currently making its way through the legislative process. Minister Prasetyo mentioned that the draft bill could be presented in the upcoming parliamentary session.

“We aim to bring the bill to the plenary session next week, if possible,” he said

On the same day, Anggia Ermarini, the Chairperson of the Commission VI of the Indonesian Parliament, confirmed that all eight factions in the Commission had agreed to move the revised SOE bill forward for further discussion in the plenary session. This is a crucial step before the bill can be formally passed into law, with Danantara being one of the primary initiatives included in the revisions.

Danantara is expected to play a significant role in managing state investments and driving Indonesia’s economic growth. Its structure is designed to function similarly to Temasek, the Singaporean sovereign wealth fund that invests in a wide range of industries, including technology, finance, and energy.

Danantara’s establishment will provide Indonesia with a powerful tool for managing its assets and advancing its long-term investment goals.

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