Danantara
Indonesian sovereign wealth fund From Wikipedia, the free encyclopedia
Daya Anagata Nusantara Investment Management Agency (Indonesian: Badan Pengelola Investasi Daya Anagata Nusantara), commonly known as Danantara Indonesia or simply Danantara, is the second sovereign wealth fund of Indonesia, after the Indonesian Investment Authority.[1][2] The agency is led by a chairman, currently Rosan Roeslani.
Badan Pengelola Investasi Daya Anagata Nusantara | |
![]() | |
Agency overview | |
---|---|
Formed | 24 February 2025 |
Preceding Agency |
|
Jurisdiction | Government of Indonesia |
Headquarters | Sentra Mandiri Jl. R.P. Soeroso No. 2–4 Central Jakarta, Indonesia |
Agency executives |
|
Website | danantaraindonesia |
The agency is the fusion of certain functions between the Indonesia Investment Authority and the country's Ministry of State-Owned Enterprises.[3][4]
Etymology
Daya is an Indonesian word meaning "strength", "ability", or "effort", with origin traced from Sanskrit and Old Javanese. Anagata was taken either from Sanskrit or Pali, anāgata, meaning "not yet to come" or "future". Nusantara is the Indonesian name for the region spanning the Indonesian archipelago. The word nūsa meaning "island" in Old Javanese was derived from the Proto-Malayo-Polynesian word *nusa with the same meaning, and the word antara is a Javanese loanword from Sanskrit, antarā, meaning "between" or "in the middle", thus creating a compound word of nūsa + antara. Together, it means "the outer islands" (from Java's perspective) as mentioned in the 14th century Old Javanese manuscript Pararaton and Nagarakretagama.
History

Danantara was launched on 24 February 2025.[5] For the initial stage, it is projected to have funding of IDR 320 trillion or US$20 billion.[6] Danantara is projected to be a global investment firm like Malaysia's Khazanah or Singapore's Temasek.[7]
Assets
As a result of the formation of Danantara, seven state-owned enterprises have been moved out of the Ministry of State-Owned Enterprises' direct management and placed under Danantara, which are:[1]
- Bank Mandiri
- Bank Negara Indonesia (BNI)
- Bank Rakyat Indonesia (BRI)
- Mineral Industri Indonesia (MIND ID)
- Pertamina
- Perusahaan Listrik Negara (PLN)
- Telekomunikasi Indonesia (Telkom)
When fully operated, Danantara expected to manage around IDR 14.72 quadrillion funds (US$900 billion), combined total assets of the seven state-owned enterprises.[8][9]
Organization
Summarize
Perspective
The following is the structure of Danantara:[10][11][12]
- Person in Charge:
- Supervisory Board:
- Chairman: Erick Thohir
- Deputy Chairman: Muliaman Darmansyah Hadad
- Member: Sri Mulyani
- Member: Coordinating Minister for Political and Security
- Member: Coordinating Minister for Economics Affairs
- Member: Coordinating Minister for Legal, Human Rights, Immigration, and Correction
- Member: Coordinating Minister for Infrastructure and Regional Development
- Member: Coordinating Minister for Human Development and Cultural Affairs
- Member: Coordinating Minister for Social Empowerment
- Member: Coordinating Minister for Food Affairs
- Member: State Secretariat
- Steering Commitee:
- Sixth President of Indonesia: Susilo Bambang Yudhoyono
- Seventh President of Indonesia: Joko Widodo
- Advisory Board:
- Chairman: Ray Dalio
- Member: Helman Sitohang
- Member: Jeffrey Sachs
- Member: Chapman Taylor
- Member: Thaksin Sinawatra
- Supervisory and Accountability Commitee
- Chairman of Indonesian Financial Transaction Reports and Analysis Center
- Chairman of Corruption Eradication Commission
- Chairman of Financial and Development Supervisory Board
- Chairman of the Audit Board of Indonesia
- Chief of the Indonesian National Police
- Attorney General
- Managing Board
- Head of Managing Agency / Chief Executive Officer (CEO): Rosan Roeslani
- Investment Holding / Chief Investment Officer (CIO): Pandu Patria Sjahrir
- Holding Operations / Chief Operating Officer (COO): Dony Oskaria
Danantara Managing Commitee organized into the following:[13]
Managing Directors:
- Managing Director Legal: Robertus Billitea
- Managing Director Risk and Sustainability: Lieng-Seng Wee
- Managing Director Finance: Arief Budiman
- Managing Director Treasury: Ali Setiawan
- Managing Director Global Relations and Governance: Mohamad Al-Arief
- Managing Director Stakeholders Management: Rohan Hafas
- Managing Director Internal Audit: Ahmad Hidayat
- Managing Director Human Resources: Sanjay Bharwani
- Managing Director / Chief Economist: Reza Yamora Siregar
- Managing Director Head Of Office: Ivy Santoso
Risk Management Committee: John Prasetio
Investment and Portfolio Committee: Yup Kim
Operational Holding under COO
- Managing Director: Agus Dwi Handaya
- Managing Director: Febriany Eddy
- Managing Director: Riko Banardi
Investment Holding under CIO
- Managing Director Finance: Djamal Attamimi
- Managing Director Legal: Bono Daru Adji
- Managing Director Investment: Stefanus Ade Hadiwidjaja
Controversy
Summarize
Perspective
Concerns about the management and transparency of the entity were raised due to the inability of national auditors namely the Financial Audit Board (BPK), the Agency for Financial and Development Supervision (BPKP), as well as the Corruption Eradication Commission (KPK) to monitor the managed assets.[14] However, audits may be made upon request from the House of Representatives.[15][16][17] Indonesian public spheres and mass media concerned the future fate of Danantara may like 1Malaysia Development Bhd. (1MDB) if any misconducts or misappropiations occur.[18][19]
Deni Friawan, a researcher from the Centre for Strategic and International Studies (CSIS), argued that the succession of Danantara may depends on factors such as independence, transparency, professionalism in its management, and support for clear business orientation. He compared it to Temasek Holdings, whose officials still have close connection to the government, but still maintain their independence and professionalism.[19]
On 24 March 2025, former Thai prime minister (2001–2006) Thaksin Shinawatra appointed as one of the Danantara advisory board member. However, he and his family were involved in several scandals and corruptions in Thailand.[20][21][22]
See also
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.