{
    "success": true,
    "data": {
        "id": 1776070,
        "msgid": "breaking-government-amends-danantara-regulation-key-details-outlined-1780280132",
        "date": "2026-05-31 20:26:08",
        "title": "Breaking: Government Amends Danantara Regulation, Key Details Outlined",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesian government has revised Danantara's regulatory framework through Government Regulation No. 16\/2026, aligning with recent amendments to the State-Owned Enterprises Law. The changes establish the BP BUMN regulatory body and clarify Danantara's authority over SOE holdings, dividend management, and fiscal instruments, ensuring clearer accountability and operational structure.",
        "content": "<p>Jakarta, CNBC Indonesia \u2013 President Prabowo Subianto has issued\nGovernment Regulation (PP) No.\u00a016 of 2026 concerning the organisation\nand governance of the National Energy and Resource Investment Management\nAgency (Danantara). The new regulation amends PP No.\u00a010 of 2025, which\nwas signed by President Prabowo Subianto and State Secretary Prasetyo\nHadi on 8 April 2026 in Jakarta.<\/p>\n<p>The revisions stem from adjustments to Danantara\u2019s structure,\nauthority, governance, and accountability following the enactment of Law\nNo.\u00a016 of 2025 (Fourth Amendment to the State-Owned Enterprises Law).\nThe recent amendment to the SOE law introduced the State-Owned\nEnterprises Regulatory Body (BP BUMN) and the position of its head as a\ngovernment agency overseeing SOE regulation. Previously, under PP\n10\/2025, SOE affairs were entirely under the Ministry of State-Owned\nEnterprises.<\/p>\n<p>Other key revisions include dividend and capital management,\nguarantee functions, and strategic guideline formulation. Danantara now\nhas full authority to appoint and dismiss directors and commissioners of\nInvestment and Operational Holdings, as well as to propose SOE director\nand commissioner candidates to BP BUMN.<\/p>\n<p>The new regulation also revises the structure of the supervisory\nboard (Dewan Pengawas), replacing the Ministry of State-Owned\nEnterprises representative with one from BP BUMN. The board\u2019s powers\nhave been expanded to include approving guarantees for Investment\nHoldings, loans, debt write-offs, asset collateralisation, mandatory\nreserves, and actions by the executing body outside the annual work plan\n(RKT).<\/p>\n<p>The regulation clarifies the status and characteristics of holdings,\ndetailing their types and liability separation. Investment and\nOperational Holdings are structured as limited liability companies (PTs)\nwith 100% ownership by Danantara. Danantara is not liable for holding\nlosses exceeding its capital contribution. Investment Holdings are\ndivided into two focus areas: commercial (financial returns) and\nnational development\/public service (socio-economic impact).<\/p>\n<p>Regarding State Capital Injection (PMN) and fiscal instrument status,\nInvestment Holdings focused on national development can receive PMN\ndirectly from the national budget (including fresh funds, state assets,\nreceivables, etc.). If receiving PMN, such holdings become SOEs\ndesignated as fiscal instruments.<\/p>\n<p>Key points of the new Danantara organisational and governance\nregulation include:<\/p>\n<p>Tasks and Authorities:<\/p>\n<p>Danantara is responsible for managing SOEs with the following\npowers:<\/p>\n<ul>\n<li><p>Managing dividends from Investment and Operational Holdings and\nSOEs.<\/p><\/li>\n<li><p>Approving increases or reductions in capital contributions\nsourced from dividend management.<\/p><\/li>\n<li><p>Establishing Investment and Operational Holdings.<\/p><\/li>\n<li><p>Approving asset write-offs or debt relief proposals for\nSOEs.<\/p><\/li>\n<li><p>Providing or receiving loans and pledging assets with\npresidential approval.<\/p><\/li>\n<li><p>Appointing and dismissing directors and commissioners of\nInvestment and Operational Holdings.<\/p><\/li>\n<li><p>Proposing SOE director and commissioner candidates to BP\nBUMN.<\/p><\/li>\n<li><p>Approving and consulting on holding work plans and budgets with\nthe relevant parliamentary committee.<\/p><\/li>\n<\/ul>\n<p>Supervisory Board:<\/p>\n<p>The board comprises a chairman, deputy chairman, representatives from\nthe Coordinating Ministry for Economic Affairs, Ministry of Finance,\nMinistry of Investment, BP BUMN, and other state officials or parties.\nBoard members are appointed by the president for five-year terms,\nrenewable once. Responsibilities include approving annual work plans and\nkey performance indicators, evaluations, setting remuneration, approving\nfinancial statements, and endorsing guarantees for Investment\nHoldings.<\/p>\n<p>Annual Work Plan and Budget:<\/p>\n<p>The executing body prepares the annual work plan and budget,\nsubmitting it to the supervisory board by 31 October of the current\nyear. Budget revisions may occur once annually, submitted by 31 July.\nThese provisions take effect for the 2028 fiscal year.<\/p>\n<p>Staff Regulations:<\/p>\n<p>Danantara staff are employed under contractual agreements. Employees\nare prohibited from having familial or affinal relationships up to the\nsecond degree with board members, the executing body, other staff, or\ndirectors\/commissioners of Investment and Operational Holdings.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/breaking-government-amends-danantara-regulation-key-details-outlined-1780280132",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}