CORE: Danantara's Financial Report Release Strengthens State Transparency
Jakarta (ANTARA) - The economist from the Centre of Reform on Economics (CORE) Indonesia, Dipo Satria Ramli, believes that Danantara Indonesia’s plan to release consolidated financial reports for the 2025 fiscal year could strengthen the governance and transparency of state asset management.
According to him, consolidated financial reports can serve as an important foundation for Danantara, particularly in establishing more integrated management standards that align with global sovereign wealth fund (SWF) practices.
“We certainly appreciate Danantara’s step to finally (will) release financial reports. However, when discussing the commitment to governance transparency, merely releasing reports is not enough,” Dipo stated in an official statement in Jakarta on Friday.
Danantara plans to release its consolidated financial reports once all State-Owned Enterprises (BUMN) have completed their financial statements as of 30 June 2026.
Dipo reminded that good governance transparency is not only measured by the availability of financial reports but also by the timeliness of such reporting.
He suggested that Danantara should deliver financial reports punctually and ensure the completeness of information regarding asset management and the audit process by independent parties.
On the other hand, he did not deny that Danantara’s move to consolidate the financial reports of all SOEs is a positive step, as it demonstrates an effort to build a more integrated and comprehensive reporting system.
In his view, this step could serve as a basis for strengthening oversight, increasing efficiency, and creating greater added value for the state.
“This is a good initial step, but Danantara still needs to prove more disciplined governance standards in the future,” said Dipo.
Dipo expressed hope that consistency in applying good governance principles could build public and investor confidence in Danantara as a national strategic investment management institution.
“Therefore, the sustainability of governance reforms and the improvement of financial reporting quality must continue to be strengthened so that the institution’s credibility becomes more robust,” Dipo added.
Previously, the Managing Director of Stakeholders Management and Communications at Danantara Indonesia, Rohan Hafas, explained that Danantara Indonesia’s consolidated financial reports for the 2025 fiscal year are currently being prepared in accordance with applicable audit stages.
He ensured that the financial reports will be presented once the entire audit process has been completed in accordance with the prevailing laws and regulations.