"Saksikan tayangan kami Official Youtube IDX Channel di Program Prime Market Review, Jumat (21/02/2025) dengan tema BPI Danantara Asa Menuju Indonesia Emas".
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00:00NEXT EPISODE
00:20Hello viewers, how are you doing today?
00:22Live from IEDX Studio Jakarta, I'm Prasetyo Wibowo
00:25Welcome back to Market Review, a program that discusses issues that are the driving force of the economy in the country
00:31You can also watch our live streaming on iedxchannel.com
00:35And let's start the complete market review
00:47President Prabowo Subianto reaffirmed the government's commitment
00:51to optimize the management of state-owned enterprises or BUMN
00:56One of them is by consolidating into national investment funds
01:00by forming an intermediary investment management body
01:05Our BUMN management
01:08through consolidation into a national investment fund
01:14which we will launch on February 24th
01:19which is Danantara
01:24Danantara is a consolidation of all our economic strengths in BUMN management
01:38Thus, the statement of President Prabowo Subianto
01:41regarding the planning of the establishment of an investment management body
01:44Dayanagata Nusantara or Danantara
01:46on February 24, 2025
01:50where Danantara is part of the government's policy
01:53promoting competition for the transformation of the Indonesian economy
01:56BUMN will later allocate state assets
02:00into a sustainable project that has a high economic impact
02:03One of them is to accelerate energy transition by investing in the newly renovated energy sector
02:08advanced manufacturing and strengthening the oil industry
02:11Then, the food sector is expected to strengthen national food security
02:15and increase the value of agricultural and agricultural products in the country
02:19From Jakarta, the coverage team, IDX News
02:25Welcome to discuss our topic this time, BPI Danantara
02:28Asam to Indonesia
02:30We have been connected through Zoom with Mr. Toto Pranoto
02:33Associate Director, BUMN Research Group LM
02:36Faculty of Economics and Business, Universitas Indonesia
02:40Hello, Mr. Toto, how are you?
02:42Yes, hello, how are you, Mr. Pras?
02:44How are you? Thank you for taking the time
02:46And we have also joined, this is Mr. Angga Wira
02:49General Director of the Association for the Introduction of Mineral Energy
02:51and Indonesian Coal, ASPEBINO
02:53Hello, Mr. Angga, how are you?
02:55Hello, Mr. Pras, greetings
02:58Greetings, thank you for taking the time
03:00And before discussing further, Mr. Toto, how do you see BPI Danantara
03:05Asam to Indonesia, which was initiated by President Parbusu Bianto
03:09Your view, please
03:11Yes, in my opinion, this is the President's wish
03:14how we can accelerate, do the process
03:17so that the competitiveness of all BUMN can increase
03:22and then be able to make a more optimal contribution to the country
03:26All this time, we have seen
03:28although there have been several improvements in BUMN's performance in the past few years
03:33but it seems that if you look at the potential
03:36there must be more jumps that can be done
03:39so that their performance is better
03:41and for that, in my opinion, the President wants
03:43so that the organization of BUMN's future management can be better
03:48So I think the idea then to launch BP Danantara
03:52as an executing agency
03:54as a new BUMN manager
03:57outside, the previous manager under the BUMN ministry
04:01can be assumed
04:03to be able to give a better impact
04:05for the improvement of the performance of all state-owned companies in Indonesia
04:09So I think the President's goal is to improve
04:12how BUMN can have a stronger foundation
04:15and of course, how they can compete against other competitors
04:21in other countries
04:22So I think the desire to make them like
04:25a powerhouse like Temasek
04:27might also be a hope
04:28how BUMN Indonesia can be managed in a better way
04:32and provide a better performance
04:34Okay, Mr. Toto
04:35Well, Mr. Angga, from a businessman's point of view, what do you think?
04:39And among the thousands of trillions of funds that will be managed
04:44from BUMN's assets
04:45for the interests of the national economy
04:47especially from the mining sector
04:49will this be a fresh wind?
04:52Yes, first of all, we appreciate
04:55the steps taken by the government
04:58to consolidate BUMN
05:01and indeed, the problem or challenge so far
05:05that we feel in the context of hillarization
05:08is the financing instrument
05:10as we know
05:12in the hillar sector or in existing smelters
05:16it's relatively small
05:19which is owned by national companies and BUMN
05:23at least around 20% of existing smelters
05:29so if we talk about hillarization
05:32of course, this requires a fairly large financing
05:35if the approach is only using the approach of financing from banks
05:40this is very difficult
05:41because of course, there are rules that are very rigid in banks
05:47for example, if we want to invest 10 trillion
05:52the company must have funds of around 2 trillion
05:58this is also quite large
06:00so I think with the strategy of BUMN
06:06it can accelerate or accelerate the government's strategic steps
06:11in the context of hillarization
06:12and the context of us in the energy sector
06:16especially if we want to build energy resilience
06:20this requires a collaborative strategy
06:24for example, to increase our reserves
06:27our gas reserves or our oil reserves
06:31this requires the right instrument in the context of financing
06:35that's it, Mr. President
06:36okay, so in your opinion, the timing is already right
06:39so this will become a solution later
06:42for hillarization in the mining sector
06:44and maybe in other sectors like in Indonesia
06:46if we talk about timing, if not now, when?
06:50we have to accelerate it right away
06:53and the most important thing is
06:55the involvement of collaboration between
07:00and also with the private sector
07:02so Indonesia Incorporated really happens
07:05don't let BUMN do it all
07:10if possible, there will be a collaboration
07:13that will increase our national entrepreneurs
07:17that's the key
07:18so don't let BUMN be oriented too
07:22this is what we hope
07:24the schemes implemented by Danantara
07:28can invite us from the private sector to collaborate
07:32so there will be participation or something like that
07:36in the future, for example
07:37and we have to involve comprehensively
07:43our entrepreneurs
07:45okay, that's interesting
07:46Mr. Toto, so the law from BUMN is also available
07:49in accordance with the BUMN law
07:52so how do you see this?
07:54later, the role of Danantara itself
07:57if, for example, Mr. Ngawira said
08:00the involvement of the private sector must also be invited
08:02in the formation or implementation
08:04of other strategic activities
08:06including in the mineralization sector, right?
08:10yes, I think with the most official law
08:13by the third amendment of the 19-2003 law
08:18as a law that can make
08:21the existence of Danantara becomes stronger
08:24because then the existence of Danantara
08:26must be governed by the law
08:28not by the law itself
08:30like before, for example
08:32so with this context, Danantara can really
08:35do the management process of BUMN
08:38much stronger
08:39because then also in terms of organization
08:42the governance also changes
08:43if in the previous regime
08:45maybe we have to see that
08:47BUMN when doing corporate actions
08:50it has to go through the BUMN ministry
08:51must also agree with the Ministry of Finance, for example
08:54with this new law
08:56BP Danantara is given a mandate
08:59the right to directly as a manager of BUMN
09:02therefore, the speed of decision-making
09:06for example
09:07then also the winnings it has
09:09are really strong enough
09:11so in this way, I think
09:12Danantara can execute in the future
09:14various kinds of strategic programs
09:17including BUMN's corporate actions
09:19much faster
09:20I agree with the statement of Mr. Angga
09:23that it is impossible
09:25that this country can only be managed
09:28if then
09:29the elements of the government
09:31only rely on BUMN
09:34I think working with other business sectors
09:37including private sector is also an important part
09:40if we look at the progress
09:42of what is called
09:43extraordinary economic growth in China
09:45it actually also
09:47the basis is not only
09:49state-owned companies
09:50but also private-owned companies
09:52just divide it
09:54where the country has to monopolize
09:56through BUMN
09:58and how the industry can be opened
10:00so then
10:01collaboration between state-owned companies
10:03and private-owned companies can also work
10:06I think with those two strengths
10:08then the economic growth of the country
10:10can be realized much faster
10:12compared to just relying on one
10:14Mr. Angga
10:15this is interesting
10:16lastly, Mr. Angga, I remember
10:17later, Mr. Angga, there are other needs
10:19how do you see the potential and hopes
10:21related to Danantara itself in the future?
10:23first, there is a context of flexibility
10:26from Danantara
10:27related to the law
10:28but there must also be
10:29the element of caution, Mr. Pras
10:31that is very important
10:32so don't let the previous cases
10:35for example, I take the example
10:37of Telkom investment to Gotoh
10:39that is also
10:41what can I say
10:43according to our perspective
10:44it is a step that is not quite right
10:46so the executives in Danantara
10:48must be free from conflict of interest
10:50even though there was
10:52there is a gap there
10:54so don't let the investment
10:56that is done
10:57is not
10:58things that are fundamental
11:00and strategic
11:02just to look for short-term benefits
11:04no, so Danantara
11:06our hope from the business world
11:08is indeed to build
11:10the existing fundamental industry
11:12right?
11:13consolidated
11:15so then the financing can
11:17through corporate action
11:19there is ease, for example
11:21I really agree
11:22but once again
11:23don't let the executive
11:25must really be chosen
11:27people who are far from
11:29conflict of interest
11:30must really be prudent
11:31so maybe later from UI
11:33from where to monitor
11:35don't let, I'm sorry
11:36there is a link
11:37related to oligarchy
11:39there is a link
11:41with the existing political parties
11:43for example, they must really be
11:44those people
11:45are independent people
11:46because what is managed
11:48is not just
11:50tens of tens
11:51this is hundreds of trillions
11:53right?
11:54so really
11:55there must be
11:56acceptability from the market
11:58then also
11:59trust
12:00that's important
12:01that's one of the
12:03highlight
12:04from us
12:05so that
12:06in the future
12:07the collaborations that we hope for
12:10we can also
12:11implement
12:12of course we also need
12:14quick win
12:15for example what is done
12:16by the Ministry of Social Development
12:18for example by accelerating
12:19the Minerva Law
12:20with DPR
12:21I think that's one of the instruments
12:23that is also important
12:24to accelerate
12:25how
12:26the use of natural resources
12:28for example
12:29for hillarization
12:30so indeed
12:31there is a breakthrough
12:32if I see
12:33so it's connected
12:34between what was done in the past
12:35to facilitate
12:37how
12:38the mining business area
12:40can be tried
12:41through mechanisms
12:42for example
12:43direct demonstration
12:45by providing
12:46a hillarization proposal
12:47hillarization
12:48it becomes
12:49a very very good
12:50contribution
12:51on the other hand
12:52in hillarization
12:53there is already
12:54financing
12:55so it's max
12:56but once again
12:57we also give something
12:58what is it
12:59not a reminder
13:00we have to be careful too
13:01don't let it happen
13:02before
13:03there were so many
13:04for example
13:05we
13:06we
13:07we do
13:08when there is
13:09a big fund
13:10right
13:11owned
13:12right
13:13by the government
13:14when doing
13:15investment
13:16yes
13:17a lot of people
13:18also
13:19so we have to warn
13:20understand?
13:21yes, that's it
13:22it's interesting
13:23it means
13:24professionalism
13:25transparency
13:26then how
13:27the independence
13:28we will see
13:29in the future
13:30we will discuss
13:31in the next segment
13:32thank you very much
13:33for your time
13:34and for being
13:35present
13:36in this morning
13:37event
13:38good bye
13:39don't stray
13:40from your place
13:41we'll be back soon
13:46NEXT EPISODE
14:16NEXT EPISODE
14:46Mr. Toto
14:47if we talk about
14:48internal affairs
14:49which is part of
14:50transformation program
14:51BUMN
14:52nominated by
14:53BUMN ministry
14:54in supporting
14:55development financing
14:56social welfare
14:57as well as
14:58creating
14:59Indonesian hope
15:00strategy
15:01then
15:02what steps
15:03need to be prepared
15:04there was a note
15:05from businessmen
15:06they have to be transparent
15:07have to be professional
15:08independent
15:09like that, Mr. Toto
15:11yes, I think
15:12of course, the hope
15:13from the public
15:14from the people
15:15and between
15:16how this institution
15:17can then
15:18make
15:19performance
15:20or energy
15:21better
15:22I think
15:23the hope is high
15:24and for that
15:25I think
15:26there needs to be
15:27how the organization
15:28and between
15:29become a healthy
15:30organization
15:31which can also
15:32bring
15:33improvement
15:34in the future
15:35for that
15:36in my opinion
15:37from the first
15:38institution
15:39that then
15:40how the management
15:41process
15:42will be
15:43maintained
15:44so between
15:45as a body
15:46manager
15:47or executive agency
15:48will be monitored
15:49by the
15:50supervisors here
15:51there are
15:52ministries
15:53finance ministries
15:54and so on
15:55then also
15:56between
15:57must propose
15:58business plan
15:59which must
16:00also be delivered
16:01to the DPR
16:02for agreement
16:03and so on
16:04this is also
16:05of course
16:06a very important
16:07part
16:08even the DPR
16:09can ask
16:10BPK
16:11if needed
16:12to do
16:13they also have to
16:14coordinate with
16:15the finance ministry
16:16related to
16:17how many
16:18target
16:19dividends
16:20or also
16:21related to
16:22PMN
16:23and so on
16:24so from the management
16:25perspective
16:26I think
16:27there are
16:28actually quite a lot
16:29of institutions
16:30which are
16:31also asked
16:32to be
16:33monitored
16:34between
16:35as an
16:36executive agency
16:37I think
16:38later
16:39how
16:40between
16:41can then
16:42manage
16:43PMN
16:44from the previous
16:45PMN
16:46ministries
16:47now become
16:48BP and
16:49then also
16:50SBP and
16:51the purpose
16:52is not only
16:53as an asset
16:54manager
16:55asset
16:56under management
16:57as a
16:58sovereign wealth fund
16:59but also
17:00how they can
17:01manage
17:02the part
17:03related to
17:04the investment
17:05investment
17:06of course
17:07not only
17:08about
17:09global investment
17:10management
17:11but also
17:12special projects
17:13related to
17:14government priority
17:15programs
17:16in the
17:17investment sector
17:18or in the
17:19food sector
17:20which can
17:21also invite
17:22other investors
17:23especially
17:24global investors
17:25to chip in
17:26in the
17:27program
17:28made by
17:29Darantara
17:30if this program
17:31can run
17:32well
17:33I think
17:34there will be
17:35more
17:36global
17:37investors
17:38of course
17:39this can
17:40bring
17:41Darantara
17:42to become
17:43a new
17:44instrument
17:45a new
17:46institution
17:47that can
17:48bring
17:49BMN
17:50to give
17:51a better
17:52intention
17:53and also
17:54can help
17:55economic
17:56growth
17:57in a
17:58better way
17:59with
18:00the things
18:01that will
18:02be done
18:03by them
18:04so
18:05what about
18:06the management
18:07funds
18:08that are
18:09available
18:10in BMN
18:11there are
18:12around
18:1310,400
18:14trillion
18:15around
18:16650 billion
18:17USD
18:18but
18:19the government
18:20will also
18:21add
18:22other assets
18:23that are needed
18:24that can be
18:25managed by
18:26Darantara
18:27so that
18:28the results
18:29can be
18:30optimal
18:31so that
18:32the projection
18:33can reach
18:34900 billion
18:35USD
18:36so with
18:37this large
18:38amount
18:39of money
18:40then
18:41the things
18:42that can
18:43be created
18:44so that
18:45the return
18:46on asset
18:47the management
18:48of the asset
18:49can be
18:50optimal
18:51and give
18:52benefits
18:53as much
18:54as possible
18:55to this
18:56country
18:57benefits
18:58in the
18:59first
19:00meaning
19:01is how
19:02many
19:03profits
19:04they can
19:05generate
19:06how many
19:07profits
19:08they can
19:09generate
19:10from
19:11Darantara
19:12with
19:13an
19:14amazing
19:15amount
19:16of
19:17assets
19:18if we
19:19talk about
19:20priority
19:21sectors
19:22which
19:23will be
19:24the focus
19:25of Darantara
19:26which
19:27sector
19:28is it
19:29assisting
19:30again we
19:31talk about
19:32hillarization
19:33then
19:34commodity
19:35sectors
19:36we
19:37are asked
19:38to help
19:39at least
19:40in some
19:41main sectors
19:42first
19:43related to
19:44energy
19:45preservation
19:46or also
19:47second with
19:48food
19:49preservation
19:50the most
19:51important
19:52as a
19:53pillar
19:54how
19:55so that
19:56the existence
19:57of this
19:58country can
19:59continue to
20:00move forward
20:01later
20:02I think
20:03then
20:04projects
20:05like
20:06Darantara
20:07in
20:08helping
20:09investment
20:10speed
20:11in
20:12renewable
20:13energy
20:14sector
20:15for example
20:16renewable
20:17energy
20:18it
20:19needs
20:20a lot
20:21of
20:22investment
20:23there
20:24will
20:25it
20:26depend
20:27on
20:28Darantara
20:29funds
20:30or
20:31they
20:32can
20:33make
20:34investments
20:35in
20:36food
20:37preservation
20:38maybe
20:39they can
20:40enter
20:41the hillarization
20:42side of
20:43the food
20:44program
20:45for example
20:46so that the
20:47added value
20:48of the
20:49food
20:50preservation
20:51program
20:52can also
20:53be felt
20:54or
20:55also
20:56projects
20:57that have
20:58been run
20:59by the
21:00government
21:01in order
21:02to increase
21:03the
21:04value of
21:05the
21:06food
21:07program
21:08so
21:09that
21:10the
21:11government
21:12can
21:13increase
21:14the
21:15value
21:16of
21:17the
21:18food
21:19program
21:20so
21:21that
21:22the
21:23government
21:24can
21:25increase
21:26the
21:27value
21:28of
21:29the
21:30food
21:31program
21:32so
21:33that
21:34the
21:35government
21:36can
21:37increase
21:38the
21:39value
21:40of
21:41the
21:42food
21:43program
21:44so
21:45that
21:46the
21:47government
21:48can
21:49increase
21:50the
21:51value
21:52of
21:53the
21:54food
21:55program
21:56so
21:57that
21:58the
21:59government
22:00can
22:01increase
22:02the
22:03value
22:04of
22:05the
22:06food
22:07program
22:08so
22:09that
22:10the
22:11government
22:12can
22:13increase
22:14the
22:15value
22:16of
22:17the
22:18food
22:19program
22:20so
22:21that
22:22the
22:23government
22:24can
22:25increase
22:26the
22:27value
22:28of
22:29the
22:30food
22:31program
22:32so
22:33that
22:34the
22:35government
22:36can
22:37increase
22:38the
22:39value
22:40of
22:41the
22:42food
22:43program
22:44so
22:45that
22:46the
22:47government
22:48can
22:49increase
22:50the
22:51value
22:52of
22:53the
22:54food
22:55program
22:56so
22:57that
22:58the
23:00government
23:01can
23:02increase
23:03the
23:04value
23:05of
23:06the
23:07food
23:08program
23:09so
23:10that
23:11the
23:12government
23:13can
23:14increase
23:15the
23:16value
23:17of
23:18the
23:19food
23:20program
23:21so
23:22that
23:23the
23:24government
23:25can
23:26increase
23:27the
23:28Portfolio of assets that will be managed, such as holding Temasek.
23:34But also the second one, how they can make some projects that can invite foreign investors to join.
23:42In the context of managing the portfolio, of course, what we think is with the large funds they have,
23:50how far they can invest in a global portfolio that can produce the most optimal returns.
23:57For example, if we check the portfolio of Temasek, maybe they only invest 30% of their assets in the country.
24:06The remaining 70% they invest in the rest of the world.
24:10Especially in East Asia, in America, and also in Europe.
24:15For them to be able to produce the most optimal returns for Temasek.
24:21We just have to think about how the investment plan will be done in the context of managing this portfolio.
24:29Will it be similar to what is done by other sovereign wealth funds, such as Temasek?
24:37But of course, the second important part is how they can create projects that can bring other investors,
24:46both domestically and internationally, to chip in to some projects.
24:52To bring them to Indonesia's economic growth engine to move forward faster.
24:58That's what I think should be prioritized by these sovereign wealth funds.
25:01Well, Mr. Toto mentioned a collaboration with other investment institutions in Indonesia.
25:06Because we know there are a few more.
25:09What do you think? Will all of them be under the sovereign wealth fund as a sport holding?
25:16Yes, if we look at the mandate that is received by the sovereign wealth fund,
25:19according to the law, in the context of managing the investment holding,
25:24it means there is a part of the work that has actually been done by other institutions.
25:29We mention here, for example, INA.
25:33Indonesia Investment Authority has also been doing work, even since last year.
25:39Also, how to create investment management funds that can also be offered.
25:45For other investors to join together to run projects in Indonesia.
25:49So, in my opinion, we don't need to duplicate.
25:53There are two similar institutions that then do the same kind of work.
25:57So, in my opinion, INA can be a part of the sovereign wealth fund in the future.
26:03So that they can then give a stronger effect to the sovereign wealth fund
26:08based on their experience so far.
26:10How to then guide investors to join together in projects that they can work on in Indonesia.
26:17Okay, the last part.
26:19Your projections, then your optimism, and among them, can support our economic growth rate in Indonesia.
26:248% in the future, like the government target and also Indonesia Mas?
26:29Yes, in my opinion, we also have to give them enough space
26:34that then if they can be given the opportunity
26:37to do various kinds of jobs that later on
26:42can absorb or can invite various kinds of investment from other parties
26:47to join together in domestic investment projects in Indonesia.
26:52I think this is enough to help how the economic growth rate of the government
26:567 or 8% can be realized.
26:59And it means that we can no longer just rely on the power of APBN.
27:04Yes.
27:05But how to make more foreign direct investment.
27:07And that is the function of Danantara.
27:09They have to be able to make projects that we think are really interesting
27:12so that investors can be interested in joining in projects like this.
27:17Okay, that's it. Indeed, a strong collaboration is needed.
27:19And it is also necessary, perhaps, how the power in Danantara can also orchestrate
27:25how the investment or assets owned by BUMN
27:29can really contribute significantly to the economic growth rate of Indonesia.
27:35Okay, Mr. Toto, thank you very much for your presence, analysis,
27:38and also the update that has been given to the audience today.
27:41Congratulations on continuing your activities again.
27:43Greetings. Mr. Toto, see you again.
27:45Goodbye.
27:47Okay, audience, don't leave your seat because you're lost again.
27:50We'll be back with another interesting topic
27:52related to the challenges of deindustrialization
27:55to achieve the 8% economic growth target.