Danantara

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.

File:Launching of Daya Anagata Nusantara.jpg, incumbent President Prabowo, and former President Widodo.]]

Danantara was launched on 24 February 2025.{{Cite web |title=Indonesia launches new multi-billion-dollar sovereign wealth fund |url=https://www.france24.com/en/live-news/20250224-indonesia-launches-new-multi-billion-dollar-sovereign-wealth-fund |access-date=24 February 2025 |website=France 24 |language=en}} For the initial stage, it is projected to have funding of IDR 320 trillion or US$20 billion.{{Cite web |last= |first= |date=15 February 2025 |title=Danantara Bakal Diluncurkan pada 24 Februari 2025, Kelola Dana Jumbo US$ 900 Miliar |url=https://nasional.kontan.co.id/news/danantara-bakal-diluncurkan-pada-24-februari-2025-kelola-dana-jumbo-us-900-miliar |access-date= |website=Kontan |language=id}} Danantara is projected to be a global investment firm like Malaysia's Khazanah or Singapore's Temasek.{{Cite web |last=Aprilia |first=Zefanya |title=Muliaman: Danantara Bakal Seperti Gabungan Temasek dan Khazanah |url=https://www.cnbcindonesia.com/market/20241129093359-17-592060/muliaman-danantara-bakal-seperti-gabungan-temasek-dan-khazanah |access-date=18 February 2025 |website=CNBC Indonesia |language=id}}

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:

• 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.{{Cite news |date=14 February 2025 |title=Prabowo Umumkan Danantara Meluncur 24 Februari, Kelola Rp14.000 T |url=https://www.cnnindonesia.com/ekonomi/20250213233206-78-1198081/prabowo-umumkan-danantara-meluncur-24-februari-kelola-rp14000-t |archive-url= |archive-date= |access-date= |work=CNN Indonesia |language=id-ID}}{{Cite web |last=Anggela |first=Ni Luh |date=15 February 2025 |title=Prabowo: Danantara Meluncur 9 Hari Lagi, Kelola Dana Rp14.715 Triliun! |url=https://market.bisnis.com/read/20250215/192/1839841/prabowo-danantara-meluncur-9-hari-lagi-kelola-dana-rp14715-triliun |access-date= |website=Bisnis |language=id}}

The following is the structure of Danantara:{{Cite web |last=Noviani |first=Ana |last2=Evandio |first2=Akbar |date=24 February 2025 |title=Struktur Lengkap BPI Danantara: Badan Pelaksana, Dewan Pengawas, Dewan Penasehat |url=https://market.bisnis.com/read/20250224/192/1842020/struktur-lengkap-bpi-danantara-badan-pelaksana-dewan-pengawas-dewan-penasehat |access-date=24 February 2025 |website=Bisnis |language=id}}{{Cite web |last=Bagja |first=Komaruddin |date=24 February 2025 |title=Susunan Lengkap Pengurus Danantara: SBY dan Jokowi Jadi Dewan Penasehat |url=https://www.inews.id/finance/bisnis/susunan-lengkap-pengurus-danantara-sby-dan-jokowi-jadi-dewan-penasehat |access-date=27 February 2025 |website=iNews |language=id}}{{Cite web |last=Media |first=Kompas Cyber |date=2025-03-24 |title=Rosan Umumkan Pengurus Danantara, Ada Eks PM Thailand Thaksin Shinawatra |url=https://money.kompas.com/read/2025/03/24/130549626/rosan-umumkan-pengurus-danantara-ada-eks-pm-thailand-thaksin-shinawatra |access-date=2025-03-24 |website=KOMPAS.com |language=id}}

• Person in Charge:
• President of Indonesia: Prabowo Subianto
• 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:{{Cite web |title=Danantara announces complete management structure|url=https://jatim.antaranews.com/berita/898373/danantara-announces-complete-management-structure |access-date=25 March 2025 |website=antaranews |language=en}}

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

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.{{cite news |last1=Harsonn |first1=Norman |date=24 February 2025 |title=Indonesia to Send $20 Billion to Newly Created Investment Agency |url=https://www.bloomberg.com/news/articles/2025-02-24/prabowo-aims-to-send-20-billion-in-budget-savings-to-danantara?srnd=homepage-asia |access-date=24 February 2025 |agency=Bloomberg}} However, audits may be made upon request from the House of Representatives.{{Cite web |last=Stefanno Sulaiman |first=Ananda Teresia |date=24 February 2025 |title=New Indonesia sovereign wealth fund to invest $20 billion in projects |url=https://www.reuters.com/world/asia-pacific/indonesias-prabowo-officially-establishes-new-sovereign-wealth-fund-2025-02-24/ |access-date=24 February 2025 |website=Reuters}}{{Cite web |date=21 February 2025 |title=Serba-serbi Danantara dan Polemiknya: Tak Bisa Diaudit BPK dan KPK |url=https://www.tempo.co/ekonomi/serba-serbi-danantara-dan-polemiknya-tak-bisa-diaudit-bpk-dan-kpk-1210303 |access-date=24 February 2025 |website=Tempo |language=id}}{{Cite web |title=Danantara and the austerity paradox - Editorial |url=https://www.thejakartapost.com/opinion/2025/02/24/danantara-and-the-austerity-paradox.html |access-date=24 February 2025 |website=The Jakarta Post |language=en}} Indonesian public spheres and mass media concerned about the future fate of Danantara may look to 1Malaysia Development Bhd. (1MDB) for a relevant example.{{Cite web|date=28 February 2025 |title=Ada yang Khawatir Danantara Bisa Bernasib Sama dengan 1MDB Malaysia: Kronologi Kasus 1MDB|url=https://www.tempo.co/ekonomi/ada-yang-khawatir-danantara-bisa-bernasib-sama-dengan-1mdb-malaysia-kronologi-kasus-1mdb-1213330|website=Tempo|language=id|access-date=2025-03-14}}{{Cite web|last=dionisius.triwibowo@kompas.com|first=Dionisius Reynaldo Triwibowo-|date=2025-03-13|title=Antara Temasek dan 1MDB, Mana yang Ditiru Danantara?|url=https://www.kompas.id/artikel/antara-temasek-dan-1mdb-mana-yang-ditiru-danantara|website=Kompas.id|language=id|access-date=2025-03-14}}

Deni Friawan, a researcher from the Centre for Strategic and International Studies (CSIS), argued that the success of Danantara may depend on factors such as independence, transparency, professionalism in its management and support for clear business orientation. He compared it to Singapore's Temasek Holdings, whose officials have close connections to the government, but still maintain their independence and professionalism.

On 24 March 2025, former Thai prime minister (2001–2006) Thaksin Shinawatra was appointed as a Danantara advisory board member. However, he and his family were involved in several scandals and corruptions in Thailand.Amril, Rizal. (26 Maret 2025). "[https://narasi.tv/read/narasi-daily/daftar-kasus-kontroversi-thaksin-shinawatra-koruptor-thailand-yang-kini-jabat-dewan-penasihat-danantara Daftar Kasus Kontroversi Thaksin Shinawatra: Koruptor Thailand yang Kini Jabat Dewan Penasihat Danantara"]. Narasi.tv | Diakses pada 28 Maret 2025Putri, R. Nurul Fitriana. (24 Maret 2025). "[https://www.jawapos.com/nasional/015807420/jadi-dewan-penasihat-danantara-thaksin-shinawatra-pernah-dikudeta-gegara-korupsi-dan-kabur-15-tahun-ke-luar-negeri Jadi Dewan Penasihat Danantara, Thaksin Shinawatra Pernah Dikudeta Gegara Korupsi dan Kabur 15 Tahun ke Luar Negeri"]. Jawapos.com | Diakses pada 28 Maret 2025Oswaldo, Ignacio Geordi. (25 Maret 2025). "[https://finance.detik.com/berita-ekonomi-bisnis/d-7840961/profil-eks-pm-thailand-yang-jadi-dewas-danantara-pernah-dikudeta Profil Eks PM Thailand yang Jadi Dewas Danantara, Pernah Dikudeta"]. Detik.com | Diakses pada 28 Maret 2025

• Silk Road Fund

{{Reflist}}

Category:Government of Indonesia

Category:2024 establishments in Indonesia

Category:Sovereign wealth funds