Indonesian Political, Business & Finance News

Senator Komeng Applauds Danantara's Improved Performance

| Source: ANTARA_ID Translated from Indonesian | Economy
Senator Komeng Applauds Danantara's Improved Performance
Image: ANTARA_ID

Member of the Regional Representative Council (DPD) Achmad Azran and Alfiansyah Bustami, popularly known as Komeng, have expressed appreciation for the performance of Danantara Indonesia, noting that the institution has shown positive achievements and continued improvement in carrying out its various tasks.

Komeng said Danantara’s performance has developed well, with achievements he considers to be steadily increasing, although he did not elaborate on the assessment indicators to journalists.

“Very good, its achievements have improved,” Komeng said after attending the 2026 Annual Session of the People’s Consultative Assembly (MPR) and the Joint Session of the House of Representatives (DPR) and the Regional Representative Council (DPD) in Jakarta on Friday.

Nevertheless, he highlighted that a number of state-owned enterprises (BUMN) still face challenges and require restructuring measures. “That is why some are going to be closed.”

However, Komeng did not provide further explanation on how such restructuring should be carried out.

He ended his remarks briefly as he was about to perform Friday prayers, while reiterating his positive assessment of Danantara’s performance without providing additional details to the media.

President Prabowo Subianto gave special recognition to the leadership and entire team of Danantara Indonesia for their work and contribution in reforming and transforming state-owned enterprises.

Prabowo assessed that the various reforms have had an impact on improving the performance of a number of state-owned enterprises. He also appreciated Danantara’s steps, which he said have been able to drive efficiency and increase the profits of state companies.

“So, ladies and gentlemen, I give special recognition to the leadership of Danantara and its entire team, its entire network,” Prabowo said at the 2026 Annual Session of the MPR and the Joint Session of the DPR-DPD at the MPR/DPR building.

He cited reforms in the tin mining sector as an example. At the end of 2025, the government closed around 1,000 illegal tin mines in Bangka Belitung.

Prabowo then instructed the Commander of the Indonesian National Armed Forces and the Chief of the National Police to investigate the existence of these illegal mining activities.

According to Prabowo, the crackdown on illegal mining has also had an impact on the performance of PT Timah.

In the first six months of 2026, PT Timah’s net profit reportedly increased by 804.7 percent compared with the same period the previous year. Meanwhile, the company’s valuation in August 2026 rose 280 percent compared with August 2025.

Prabowo said the reform of state-owned enterprises has been carried out on a large scale. In the first six months of 2026, the net profit of PT Semen Indonesia increased by 408.9 percent, PT Pupuk Indonesia by 252.8 percent, Pertamina by 86 percent, Pegadaian by 84.4 percent, Pelindo by 60.4 percent, and PTPN by 54.4 percent.

In the aviation sector, Garuda Indonesia has also reportedly reactivated aircraft that were previously grounded. As of June 2026, 20 aircraft had been reactivated, bringing the total number of aircraft back in operation to 104 units.

In addition, state-owned enterprise profits for 2024 have been revised to Rp186 trillion, with dividends paid amounting to Rp85.5 trillion.

In 2025, state-owned enterprise profits increased to Rp326 trillion, up 75.3 percent, while dividends paid reached Rp142.3 trillion, an increase of 67 percent.

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