https://www.scmp.com/rss/523676/feed The latest news and top stories on Danantara. A Jakarta-based governmental financial institution, Danantara is dedicated to accelerating economic transformation and enhancing state-owned enterprises’ global competitiveness. Its main areas of focus include optimising state asset management, driving economic growth and financing strategic national projects. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Resty Woro Yuniar Resty Woro Yuniar Indonesia’s appointment of two Chinese companies to run waste-to-energy (WtE) projects in two cities – part of President Prabowo Subianto’s push to reduce mounting rubbish in landfills while generating power – has sparked a debate over costs, efficiency and whether the initiative will deliver on its waste-reduction goals. Danantara, the Indonesian state wealth fund, on Friday announced that it had chosen Wangneng Environment as the operator of a WtE plant in the city of Bekasi, while Zhejiang... https://www.scmp.com/week-asia/health-environment/article/3346252/why-indonesias-waste-energy-goal-may-not-be-quick-fix-landfill-crisis?utm_source=rss_feed https://www.scmp.com/week-asia/health-environment/article/3346252/why-indonesias-waste-energy-goal-may-not-be-quick-fix-landfill-crisis?utm_source=rss_feed Thu, 12 Mar 2026 04:00:09 +0000 Kandy Wong Kandy Wong Developing partnerships with Chinese corporations is crucial for Indonesia, especially in three main areas – turning waste to energy, smart grids and data centres – as China is at the forefront of such new technology, according to an executive of the Southeast Asian country’s sovereign wealth fund. Danantara Indonesia, the investment arm that consolidates and optimises the government’s investment to support national economic growth, has set its sights on cooperating with China to lower emissions... https://www.scmp.com/economy/global-economy/article/3343084/indonesia-eyes-china-partnerships-build-industry-and-tech-better-eu-standard?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3343084/indonesia-eyes-china-partnerships-build-industry-and-tech-better-eu-standard?utm_source=rss_feed Tue, 10 Feb 2026 12:10:19 +0000 Kolette Lim Kolette Lim As sovereign wealth funds are increasingly deployed as geopolitical tools, Indonesia’s new state-backed vehicle is setting itself apart by operating with transparency and professional discipline, according to one of its top executives. Pandu Sjahrir, chief investment officer of Danantara Indonesia, said the sovereign wealth fund was being run for profit rather than politics, even as governments around the world tapped heavily into such stashes to pursue strategic goals. “In the new geopolitical... https://www.scmp.com/week-asia/economics/article/3343078/danantara-indonesia-chief-vows-keep-politics-out-trillion-dollar-fund?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3343078/danantara-indonesia-chief-vows-keep-politics-out-trillion-dollar-fund?utm_source=rss_feed Tue, 10 Feb 2026 10:40:20 +0000 Bloomberg,Reuters Bloomberg,Reuters Indonesian Finance Minister Purbaya Yudhi Sadewa pushed back at Moody’s Ratings’ decision to lower the country’s outlook, saying that the nation’s improving growth and controlled deficit were unlikely to result in a credit rating downgrade. “Our economy is improving, deficit is still under control – compared to other countries, we are still in a better position,” Purbaya told reporters in Jakarta on Friday. “There are not strong enough reasons for a downgrade. In fact, we should gradually see... https://www.scmp.com/news/asia/southeast-asia/article/3342597/danantara-indonesia-urges-reform-policy-consistency-after-moodys-warning-shot?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3342597/danantara-indonesia-urges-reform-policy-consistency-after-moodys-warning-shot?utm_source=rss_feed Fri, 06 Feb 2026 04:01:02 +0000 Maria Siow Maria Siow Indonesian President Prabowo Subianto has used his Davos debut to drive home a message to global investors that his country intends to stamp out corruption and “greedanomics”, while positioning itself as a rare pocket of stability in an unsettled world economy. Speaking during a special address at the World Economic Forum (WEF) in Davos on Thursday, Prabowo argued that trade integration, if conducted fairly, should not be seen as a threat to sovereignty but as a tool for shared... https://www.scmp.com/week-asia/economics/article/3340904/indonesias-prabowo-pitches-stability-davos-amid-rising-global-tensions?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3340904/indonesias-prabowo-pitches-stability-davos-amid-rising-global-tensions?utm_source=rss_feed Thu, 22 Jan 2026 16:35:58 +0000 Reuters Reuters Indonesian President Prabowo Subianto has nominated his nephew to join the central bank’s board of governors, two sources said, amid growing concern about its independence as the government seeks more support for ambitious economic targets. Investors have worried that independent monetary policymaking in Southeast Asia’s largest economy might be under pressure as Prabowo targets economic growth of 8 per cent by 2029, ⁠from about 5 per cent now. Those fears grew after Bank Indonesia (BI) unveiled... https://www.scmp.com/news/asia/southeast-asia/article/3340404/prabowo-nominates-nephew-bank-indonesia-board-amid-independence-fears?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3340404/prabowo-nominates-nephew-bank-indonesia-board-amid-independence-fears?utm_source=rss_feed Mon, 19 Jan 2026 07:32:09 +0000 Anand Mathai Anand Mathai Indonesia’s 2025 unfolded as a year of collision and contrast – President Prabowo Subianto asserting his authority, mass protests erupting in the streets, global diplomacy expanding outwards, climate disaster striking at home and a viral moment that turned aura farming into the country’s top cultural export of the year. Prabowo takes charge Prabowo entered his first full year in office with a strong mandate and an unusually high level of public goodwill. Over 2025, he moved quickly to... https://www.scmp.com/week-asia/politics/article/3337718/indonesia-2025-year-collision-and-contrast-prabowo-takes-charge?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3337718/indonesia-2025-year-collision-and-contrast-prabowo-takes-charge?utm_source=rss_feed Fri, 26 Dec 2025 08:00:16 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia is pushing back against calls to tap the state budget to cover mounting debt from its China-backed high-speed railway, while Beijing has signalled it is open to repayment restructuring talks to ensure the line remains operational. The dispute over who should shoulder the debt highlights deeper concerns about the project’s long-term viability, the role of Indonesia’s sovereign wealth fund and whether the current financing model risks setting a troubling precedent for future... https://www.scmp.com/week-asia/economics/article/3330083/indonesian-high-speed-railways-debts-spark-debate-over-who-should-pay-bill?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3330083/indonesian-high-speed-railways-debts-spark-debate-over-who-should-pay-bill?utm_source=rss_feed Thu, 23 Oct 2025 10:08:20 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia is opening the door for foreigners to lead state-owned enterprises (SOEs), a landmark move that President Prabowo Subianto has said will bring international expertise to the country’s corporate sector, even as critics warn about a lack of oversight and accountability. Speaking during the Forbes Global CEO Conference in Jakarta last week, Prabowo said a law on SOEs had been revised to allow non-Indonesians to assume top positions in the sector with roughly 1,000 state firms. “I’ve... https://www.scmp.com/week-asia/economics/article/3329954/can-foreigners-lead-indonesias-state-firms-and-make-them-world-beaters?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3329954/can-foreigners-lead-indonesias-state-firms-and-make-them-world-beaters?utm_source=rss_feed Wed, 22 Oct 2025 10:20:43 +0000 Jean Iau Jean Iau In an era marked by geopolitical rifts and economic volatility, Asean shines as a beacon of stability and potential, according to Malaysia’s trade minister. Tengku Zafrul Aziz offered a robust defence of the 10-nation bloc’s consensus-driven approach at the Milken Institute Asia Summit in Singapore on Thursday, insisting that its slow deliberations were a strength, not a weakness. Addressing an audience of business leaders, government officials and investors, Zafrul argued that the Association... https://www.scmp.com/week-asia/politics/article/3327604/malaysias-trade-chief-defends-slow-moving-asean-master-its-own-house?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3327604/malaysias-trade-chief-defends-slow-moving-asean-master-its-own-house?utm_source=rss_feed Thu, 02 Oct 2025 06:45:31 +0000 Jean Iau Jean Iau At first glance, Gita Sjahrir is often mistaken for just another secretary or typist. It’s only when her surname is mentioned that colleagues realise she is, in fact, a managing director of one of Indonesia’s leading power companies. Earlier this year, the 43-year-old assumed responsibility for investor relations at TBS Energi, which was founded by her uncle, Luhut Binsar Pandjaitan, chairman of Indonesia’s National Economic Council and a former coordinating minister. Her entry into the firm was... https://www.scmp.com/week-asia/people/article/3326164/indonesias-proud-nepo-baby-tycoon-gita-sjahrir-embraces-her-privilege?utm_source=rss_feed https://www.scmp.com/week-asia/people/article/3326164/indonesias-proud-nepo-baby-tycoon-gita-sjahrir-embraces-her-privilege?utm_source=rss_feed Sat, 20 Sep 2025 08:00:09 +0000 Resty Woro Yuniar Resty Woro Yuniar A Qatari firm has pledged a US$2.5 billion investment to help Indonesia realise an ambitious affordable housing push, with plans to build 1 million homes over five years – a major contribution to President Prabowo Subianto’s broader pledge to construct 3 million new dwellings during his term. The initiative is expected to face complex challenges – from securing land and managing construction costs to integrating housing with urban infrastructure – but officials and experts say these could be... https://www.scmp.com/week-asia/economics/article/3315983/indonesias-3-million-homes-push-gets-us25-billion-boost-qatar?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3315983/indonesias-3-million-homes-push-gets-us25-billion-boost-qatar?utm_source=rss_feed Fri, 27 Jun 2025 04:00:08 +0000