Danantara Boss Says Rp100 Trillion Needed to Clean Up SOEs' 'Old Sins'
The Daya Anagata Nusantara Investment Management Agency (BPI Danantara) is carrying out improvements at state-owned enterprises (SOEs) that continue to record negative financial performance. BPI Danantara Chief Operating Officer Dony Oskaria revealed that the estimated cost of the overhaul is around Rp100 trillion.
“This is important for us to convey to the public that going forward there may be around another Rp100 trillion or so to resolve this. My hope is of course that it will not reach that amount,” he said in a conversation with CNBC Indonesia, quoted on Monday (24/8/2026).
Dony explained that, in percentage terms, the agency has resolved 70% of the problems afflicting a number of the state-owned companies. Only 30% of the issues still need to be addressed, including those at construction SOEs.
“The 30% that we are currently resolving is in the construction sector, which I hope will be completed. The rest we can relatively handle. Our companies are already in a fairly healthy condition,” he added.
Beyond the construction sector, Dony said the logistics sector also needs to be fixed. He noted that Danantara is currently carrying out a transformation at PT Pos Indonesia. “My hope is that it can be completed by the end of this year as well,” he said.
In addition to those two large sectors, the pension fund sector is no less important and also needs to be repaired. “And the last one is our pension funds. These three are actually still our homework,” he said.
“The rest are small in scale. It is better to carry out a lot of consolidation and restructuring whose impact is no longer very significant,” he continued.
In carrying out the restructuring, Dony added, the agency has been forced to cut a number of SOEs with severe financial damage.
“Corrections, impairments, cut losses and so on we have to be forced to do as part of these improvement figures. But this is a cost that we do not want to see happen again in the future,” he concluded.