One Year On, President Prabowo Targets Danantara Asset Returns of Rp800 Trillion Annually

JAKARTA — As the Investment Management Board (BPI) Danantara entered its first year of operation, President Prabowo Subianto reminded the institution that its achievements remain far from target.

The President set a target for Danantara’s return on assets to reach a minimum of 5 percent, equivalent to Rp800 trillion. Moving forward, oversight of Danantara will be strengthened by placing presidential envoys at each state-owned enterprise.

President Prabowo expressed appreciation for the achievements of Danantara in its first year of operation. According to a report received by the President, Danantara’s return on assets (ROA) had increased 300 percent compared to the previous year.

He hoped the report reflected factual information. Previously, he had received false reports, although Prabowo did not detail the fictitious reports in question.

“Hopefully this report is accurate. No more tricks, false reports, pleasing reports or devious machinations. I am issuing a serious warning,” said Prabowo during his address at the Danantara first anniversary celebration at Wisma Danantara, Jakarta, on Wednesday (11 March 2026).

He continued that, whilst pleased with the report, Danantara’s achievements remained far from target. According to Prabowo, a good company can achieve a return on assets of at least 10 percent annually, a very good company 12 percent, whilst an excellent company can achieve 15 percent. He expressed hope that Danantara’s return on assets could reach 10 percent.

However, Prabowo acknowledged that achieving this would be difficult in the early years. Accordingly, he set a target for Danantara’s return on assets of at least 5 percent, or equivalent to USD 50 billion, approximately Rp800 trillion. “I congratulate you on your achievements. However, I must remind you that the target remains quite distant. You must be able to deliver a minimum 5 percent return to the state, a minimum USD 50 billion,” he stated.

Prabowo continued that achieving this target was increasingly urgent as the world faced mounting uncertainty and crises occurring everywhere. However, he was confident that crises always generated opportunities and could serve as stepping stones for the strong. Indonesia, possessing vast natural wealth, had the capital to emerge from crisis.

Prabowo was confident Danantara could achieve this target. However, he also warned that the institution must be managed properly. Drawing on the experience of sovereign wealth funds worldwide, many had incurred losses due to poor management.

“I entrust you with vigilance, alertness, and self-discipline. Remember, the hopes of the entire nation and all our people rest on your shoulders. You must safeguard and manage the wealth of our children, grandchildren, and great-grandchildren,” said Prabowo.

To ensure no irregularities in Danantara’s management, oversight of the institution will be tightened. Currently, Prabowo said, Danantara already has a sufficiently strong supervisory board comprising coordinating ministers. Beyond this, the Financial Audit Board (BPK), the Financial and Development Supervisory Board (BPKP), the Prosecutor’s Office, the National Police, and the Commander of the Armed Forces have also been requested to conduct oversight.

However, according to Prabowo, this was insufficient. According to his plan, he would appoint several presidential envoys to be placed at each state-owned enterprise (SOE).

“I have appointed presidential envoys and may later appoint further presidential envoys to each SOE we manage. We must conduct oversight, because this is the lifeblood of the Indonesian nation. If this blood continues to leak, our nation will be in difficulty,” said the President.

Danantara Investment Management Board Head Rosan P Roeslani committed to leading Danantara in accordance with the mandate given. Danantara would implement good corporate governance, prioritising the principles of transparency, accountability, and integrity.

“With proper and correct corporate governance, with transparency, accountability, and most importantly with the highest integrity, by implementing the highest standards in all economic activities,” he said.

Although only one year old, he continued, Danantara carried a large mandate to build national economic strength. Danantara was established to provide broad benefits for society and future generations.

Therefore, Danantara sought to become one of the engines of growth for the national economy. Danantara was committed to contributing to the achievement of an 8 percent economic growth target.

However, Rosan continued, economic growth was not merely about figures. Growth must be accompanied by equitable distribution so that benefits could be felt by all segments of society. The existence of Danantara and the role of state-owned enterprises, which is very broad, must be genuinely felt by the people.

Rosan stated that Danantara’s role was particularly important amid escalating geopolitical and global economic tensions. In such conditions, Indonesia was deemed to need its own economic strength so as not merely to be a recipient of the impact of global dynamics.

According to him, countries like Indonesia have historically played only limited roles in the global economy. However, since the establishment of Danantara, Indonesia possessed greater strength on the global economic stage. Indonesia could now play a more active role, both domestically and internationally.

He added that Indonesia remained open to collaborating with various parties in building its economy.