#State-Owned Enterprises (SOEs)
Danantara to consolidate 889 SOEs under one command to accelerate nat’l growth
Chief Investment Officer (CIO) of Indonesia’s sovereign investment agency BPI Danantara, Pandu Sjahrir, has revealed the agency’s plan to consolidate 889 state-owned enterprises (SOEs) into a streamlined structure under a single command aimed at reducing the current number of SOEs to around 200, simultaneously allowing for tighter coordination and stronger national synergy.
SOE Minister replaces Bulog CEO after four months in office
State-Owned Enterprises (SOEs) Minister Erick Thohir has replaced Novi Helmy Prasetya as president director of state logistics agency Perum Bulog, only four months after his appointment.
Danantara dismisses Agrinas executive despite management freeze order
The Daya Anagata Nusantara Investment Authority (Danantara) has dismissed Edi Slamet Irianto from his position as Director of Business & Industrial Development at PT Agrinas Palma Nusantara, just five months after his appointment in February 2025.
House assigns Danantara to work with Commissions VI and XI
The House of Representatives (DPR) has appointed its Commission VI and Commission XI as parliamentary partners for the newly established State investment management agency Daya Anagata Nusantara (BPI Danantara).
Danantara eyes S. Korea collaboration to boost Indonesia’s global media presence
Indonesia’s state investment management body BPI Danantara has expressed interest in forming a strategic partnership with South Korea in media and entertainment industry, aiming to learn from the country's global cultural success and boost international visibility of Indonesian culture.
IDX aims for several lighthouse IPOs in 2025
The Indonesia Stock Exchange (IDX) is targeting several major companies to go public under its Lighthouse IPO program throughout 2025.
Danantara eyes partnership with Russia to build clean energy shipyards in Indonesia
Indonesia’s sovereign investment agency Badan Pengelola Investasi Daya Anagata Nusantara (Danantara) is preparing a partnership with Russian counterparts to develop clean energy-based shipbuilding infrastructure within the country.
Taspen launches green energy pilot with Korean, local partner to support net zero goals
State-owned insurer PT Taspen has signed a tripartite Memorandum of Understanding (MoU) with South Korea’s KevinLAB Inc. and local partner PT Catur Elang Perkasa to implement a green energy initiative.
Danantara to allocate US$7 B for strategic investments, eyes global expansion
Indonesian investment powerhouse Danantara is set to allocate 20 percent of its total capital for overseas ventures as part of its long-term strategy to grow into a global business player and the remaining 80 percent for strategic domestic projects, with a strong emphasis on national priority sectors.
Erick Thohir confirms SOEs transfer dividends to Danantara
Minister for State-Owned Enterprises (SOEs) Erick Thohir has confirmed that a significant portion of dividends from state-owned companies has been transferred to Indonesia's sovereign wealth fund, Daya Anagata Nusantara (Danantara), but declined to specify the amount or name the contributing entities.
PT PP to divest infrastructure subsidiaries in US$182 million deal to cut debt
State construction firm PT PP (PTPP) has announced plans to divest two of its infrastructure subsidiaries worth Rp3 trillion (US$182 million), aiming to streamline its business and reduce corporate debt.
SOEs’ profits predicted to decrease due to crack spread at Pertamina refinery
The Ministry of State-Owned Enterprises (SOEs) has etimated that profits of Indonesian SOE in 2024 will experience a slight decline due to the narrowing of crack spread at State energy company PT Pertamina’s oil refinery, which has an impact on decreased profitability of the energy sector.