YOGYAKARTA, CNBC Indonesia \u2013 Chief Operating Officer (COO) of Badan\nPengelola Investasi Daya Anagata Nusantara (Danantara) Dony Oskaria has\nhighlighted significant changes in BUMN governance since Danantara\u2019s\nestablishment.<\/p>\n
He explained that prior to consolidation, BUMNs operated\nindependently, making it difficult for them to support each other during\nfinancial or operational challenges.<\/p>\n
Speaking at the Jogja Financial Festival at Jogja Expo Center,\nSpecial Region of Yogyakarta, on Saturday (23 May 2026), Dony stated\nthat many people misunderstand the Ministry of BUMN\u2019s role, clarifying\nit does not own state enterprises but merely holds management\nauthority.<\/p>\n
\u201cActually, the Ministry of BUMN does not own the state-owned\nenterprises; it merely has management authority,\u201d Dony said at the\nevent.<\/p>\n
He added that the lack of integrated management made many state\nenterprises struggle to survive under business pressures, leading some\nonce-thriving BUMNs to face serious issues.<\/p>\n
Dony cited PT INTI, Jakarta Lloyd, and Krakatau Steel as companies\nthat faced severe difficulties. He explained that the absence of a\nmechanism for BUMNs to support each other made corporate rescue efforts\nchallenging.<\/p>\n
The government established Danantara as a sovereign wealth fund based\non BUMN consolidation, or a state-owned enterprise-based sovereign\nwealth fund. Dony noted that most developed nations have sovereign\nwealth funds to accelerate national development through investment.<\/p>\n
However, he explained that Danantara was built on BUMN consolidation,\nintegrating state assets and enterprises under a single large holding\ncompany.<\/p>\n
\u201cNow, Bank Mandiri, BRI, Krakatau Steel, Garuda, Pertamina, and PLN\nare under one holding company. With this structure, it is easier for us\nto rehabilitate our companies,\u201d he said.<\/p>\n
Dony believes the consolidation model will simplify restructuring and\nstrengthen state asset management. He also refuted the notion that BUMNs\nhave not been profitable.<\/p>\n
He stated that BUMNs contribute nearly a third of the national budget\nthrough dividends and taxes. In Q1 2026 alone, state-owned enterprises\npaid approximately Rp215 trillion in taxes.<\/p>\n
Meanwhile, BUMN profits are projected to reach Rp335 trillion in\n2025, targeting Rp360 trillion in 2026. Dony hopes future profits could\nrise to Rp450 trillion.<\/p>\n
He stressed that integrated BUMN management via Danantara aims not\nonly to strengthen state enterprises\u2019 finances but also to drive\nnational economic growth and create new job opportunities for young\npeople.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/dony-oskaria-confirms-bumns-now-support-each-other-no-longer-working-in-isolation-1780353701", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }