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.

When asked whether the official launch of Danantara would coincide with the passage of the revised SOE bill, Minister Prasetyo expressed hope but remained cautious, offering a simple “Insyaallah, doakan,” which translates to “God willing, pray for it” in English.

His optimism reflects the government’s intent to see the project materialize within the first quarter of 2025, pending necessary approvals.

Meanwhile, the Deputy Speaker of the Indonesian Parliament, Sufmi Dasco Ahmad, also commented on the legislative timeline, predicting that the bill would be passed in a plenary session next Tuesday.

“We expect the SOE bill to be ratified in the plenary session next week, on Tuesday,” he stated, underscoring the urgency of the matter for the government and parliament alike.

If passed, the bill and the establishment of Danantara will mark a pivotal moment for Indonesia. It is a step toward modernizing the nation’s investment strategy and positioning Indonesia as a key player on the global economic stage.

As the country moves toward a more robust economic framework, Danantara is seen as a major tool for attracting international investment and enhancing national growth prospects.

As the legislative process progresses and the government prepares for the launch of Danantara, all eyes are on the successful passage of the revised SOE law. The completion of this step could usher in a new era for Indonesia’s investment management, with Danantara leading the charge toward greater economic success in the years to come. (Uki Ruknuddin)

 

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