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All State-owned Enterprises Will Be Under The Control Of Danantara By The End Of March

All state-owned enterprises (SOEs) will be placed under the management of the Investment Management Agency of Daya Anagata Nusantara (BPI Danantara) by the end of March 2025. 

"We expect that by the end of March, all SOEs will have joined Danantara," stated Chief Operating Officer (COO) Dony Oskaria at the Presidential Palace in Central Jakarta on Friday, March 7. 

Dony emphasized that all state-owned companies will be incorporated into Danantara without exception. He explained that the process of transferring ownership shares from the Ministry of State-Owned Enterprises is currently underway. 

The individual, who also serves as the Deputy Minister of State-Owned Enterprises, expressed confidence that the state-owned companies will be stronger under Danantara's management. This is because dividends that were previously directed to the Ministry of Finance will now be managed directly by Danantara for expansion and improvement of the companies. 

Specifically for construction SOEs, Dony plans to consolidate efforts to enhance the companies' conditions. He asserted that there are not many SOEs that are incurring losses or are in poor health. 

"It will certainly be easier with Danantara. Previously, each company was managed individually, but now, with the consolidation process, it will facilitate our efforts to improve the conditions of those companies that are currently not generating profits," he explained. 

"We used to have a profit of Rp320 trillion, with dividends amounting to Rp150 trillion, which went to the state budget. Now, these funds will be reinvested to further strengthen our capabilities and accelerate development. However, investments will be directed towards sectors and parameters that provide economic returns for Danantara," Dony added. 

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Tag: BPI Danantara Danantara Dony Oskaria