Jakarta, July 20 (AseanAll) — Indonesian President Prabowo Subianto on July 20,2026 underscored that the establishment of Daya Anagata Nusantara (Danantara) investment management agency represented a major government achievement in managing the nation’s wealth and assets in a more orderly, measurable and forward‑looking manner.
“Danantara is a sovereign wealth fund in which the savings of the nation’s wealth and assets are brought together, consolidated, and managed neatly. This will become a reserve; this will become energy for Indonesia’s future. This is for our children, grandchildren and great‑grandchildren,” Prabowo said in his opening remarks at a plenary cabinet meeting at the State Palace, Jakarta.
The President stated that Danantara holds assets with a value exceeding one trillion US dollars. Through Danantara, state wealth that was previously scattered and difficult to monitor will be managed and overseen more effectively.
“Alhamdulillah, for the first time in our history we have this sovereign wealth fund, this Danantara whose assets worth more than one trillion US dollars. These assets are difficult to monitor. We often do not fully understand the extent of our wealth,” the President said.
As part of state assets consolidation, President Prabowo continues the restructuring of 1,077 SOEs. The President stated that many SOEs establish subsidiaries and affiliated companies. Thus, the governance must be improved.
On the occasion, Prabowo expressed appreciation to Danantara’s leaders for consolidating and merging 250 of 1,077 SOEs within its first 18 months. By the end of July 2026, 250 entities will have been closed, consolidated, or merged.
“By July 31, Danantara will have closed, consolidated, or merged 250 of the 1,077 SOEs,” the President said. The Government also aims to reduce significantly the number of SOEs to a maximum of 350 entities by the end of 2026.
The President further said that the consolidations and mergers not only improve governance but also secure substantial savings for the state. The closure of 250 SOEs has saved roughly Rp50 trillion in overhead costs, including salaries for directors and commissioners, office rent, utilities, transportation, and meeting expenses.
Prabowo estimated that the savings will continue to increase as the restructuring is still ongoing. “By December 31, I think we could save around Rp70–80 trillion. I would like to express my gratitude to the leaders of Danantara,” he concluded.
Through Danantara and the reforms of SOEs, President Prabowo showcased the Government’s commitment to modernizing, streamlining, and making state asset management more productive so it can become a new engine of growth to strengthen national competitiveness and leave an economic legacy for Indonesia’s future generations.
