Deputy Minister of State-Owned Enterprises (BUMN), Dony Oskaria, has set a target for all state-owned companies to be integrated into Daya Anagata Nusantara (Danantara) by the end of March.
“God willing, we aim to complete the asset transfer before the General Meeting of Shareholders (RUPS),” he said, as quoted by Antara.
Under this initiative, the assets of state-owned limited liability companies (PT) will be managed by Danantara, covering both investments and operational activities. However, the status of public companies (Perum) is still under review.
The goal is to enhance the efficiency of state-owned enterprises and boost global competitiveness, particularly given Danantara’s massive assets, which total IDR 14.6 quadrillion. This positions Danantara as the world’s eighth-largest sovereign wealth fund.
However, economist Eddy Junarsin from Gadjah Mada University (UGM) warns that this policy could hinder the performance of state-owned enterprises. He argues that adding another bureaucratic layer may slow down decision-making processes.
“Danantara’s benefits are more defensive than offensive. While it may improve transparency and governance, it does not necessarily enhance performance or innovation,” he explained, as quoted from UGM’s official website.
