Prabowo Satisfied with Danantara's Performance and SOE Transformation

President Prabowo Subianto has given high appreciation to the performance of Danantara Indonesia in accelerating the transformation of state-owned enterprises (SOEs). In his annual address at the Parliament Building in Senayan on Friday (14/8/2026), the Head of State presented significant profit growth data as tangible evidence of improved governance of state assets.

Based on the data presented by the President, a number of SOEs recorded impressive profit surges. PT Timah led with profit growth of 804.7 percent, followed by Pupuk Indonesia at 253 percent and Semen Indonesia at 196.5 percent. In addition, Pegadaian recorded an increase of 84.6 percent, Pertamina 80 percent, Pelindo 60.4 percent, BTN 40.8 percent, and Bank Mandiri 24.3 percent.

Not only profit growth, the transformation under Danantara has succeeded in turning around companies that were previously loss-making. Krakatau Steel and Kimia Farma are now reported to be posting profits, showing a consistent positive trend across various SOE sectors.

Deputy Chairman of Commission VI of the Indonesian House of Representatives from the Gerindra Party faction, Andre Rosiade, assessed that this achievement is the fruit of a strategic partnership between the legislature and Danantara Asset Management. According to him, the streamlining process or reduction in the number of SOEs being carried out by Danantara has made state companies more effective and efficient.

“It shows that the partnership between Commission VI of the Indonesian House of Representatives and Danantara Asset Management has been successful. Successful in how we partner and support each other to improve existing SOEs,” said Andre in Jakarta on Friday (14/8/2026).

Andre added that the legal foundation through amendments to the SOE Law has been key to improving performance and establishing Danantara as a professional asset manager.

The presence of Danantara has encouraged SOEs to refocus on their core businesses and reduce activities that do not create added value. Through economies of scale and economies of scope approaches, synergy among SOEs is strengthened so that state assets are not merely recorded on balance sheets but generate real returns.

Member of the House of Representatives from the Golkar Party faction, Bambang Soesatyo, emphasised the importance of transparent and accountable restructuring. “SOEs must be filled by healthy, professional, productive companies capable of creating added value so as not to burden state finances,” he stressed.

Communication observer Hendri Satrio assessed that Danantara has succeeded in answering public doubts that arose when the agency was first established. He said Danantara plays a strategic role in Indonesia’s development, at least in the first period of President Prabowo’s administration.

“Danantara has taken on a very important and primary role. This restores public optimism that state assets can be managed more productively,” said the man familiarly known as Hensat.

This transformation marks a paradigm shift from mere capital ownership by the state to active and productive wealth management. This is in line with President Prabowo’s vision at the 2026 MPR Annual Session, which affirmed that Indonesia’s wealth must be used as much as possible for the prosperity of the people in accordance with the ideals of the nation’s founders.