What is the Purpose of Danantara Buying Online Taxi Shares
Management of PT GoTo Gojek Tokopedia Tbk (GOTO) stated that the Danantara Investment Management Agency has purchased GOTO shares through the stock exchange. Danantara claims the action is to ensure the welfare of online ride-hailing drivers.
On Friday, 1 May 2026, Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad mentioned that Danantara had bought shares in the ride-hailing company to improve drivers’ welfare. This news was confirmed by the Minister of Investment and Downstreaming, who is also the CEO of Danantara, Rosan Roeslani.
“Danantara has started entering, and we have already discussed it. For us, the important thing is the welfare of the ojol drivers. How we can improve the welfare of ojol (with) the existence of BPJS Health (and) BPJS Employment,” said Rosan at the Presidential Palace Complex, Jakarta, on Tuesday, 5 May 2026.
Previously, President Prabowo Subianto issued Presidential Regulation Number 27 of 2026 on the Protection of Online Transportation Workers. This new regulation sets an increase in drivers’ income share, from the initial 80 percent to a minimum of 92 percent of the fare.
Company Response
“The company welcomes this investment, as well as investments from all other stakeholders, as a reflection of ongoing confidence in the company’s business fundamentals, performance, and long-term prospects,” said the Company Secretary of GoTo, R. A. Koesoemohadiani, in a disclosure submitted to the Indonesia Stock Exchange on Tuesday, 5 May 2026.
What Analysts Say
Director of the Digital Economy Center of the Center for Economic and Law Studies, Nailul Huda, said that Danantara should consider business aspects when buying GOTO shares. One of them is the risk of bearing the profit difference to increase drivers’ income.
“Don’t let Danantara just become a tool for the exit strategy of the old capital owners,” he said on Monday, 4 May 2026.
Tempo magazine’s edition of 10 November 2025 reported that the government involved Danantara in plans for a GOTO and Grab merger that was gaining strength at the time. Two Tempo sources in the Red and White Cabinet mentioned that this action was driven by Telkomsel’s investment— a subsidiary of PT Telkom Indonesia (Persero) Tbk—in GOTO, which had plummeted. The investment of Rp 6.4 trillion was also suspected to contain conflicts of interest and potentially harm the state.
GOTO Share Price Development (27 April–6 May 2026)