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This Week in AsiaEconomics

Indonesia’s Danantara must ‘outlast’ presidencies to prove worth: investment chief

Addressing the Nusa Dua Forum, Pandu Sjahrir said the fund should build investor confidence through ‘quick wins’ and stock market reforms

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Pandu Sjahrir, chief investment officer, Danantara Indonesia, speaks at a closing fireside chat at the Nusa Dua Forum in Bali on Friday. Photo: Nora Tam
Pandu Sjahrir (right), chief investment officer, Danantara Indonesia and James Riady (left), founder and chairman of Pendidikan Pelita Harapan Foundation and coordinating vice chairman for foreign affairs, KADIN Indonesia, speaking at the Nusa Dua Forum in Bali on Friday. Photo: Nora Tam
Kolette Lim
Indonesia’s Danantara must outlive political administrations to prove its worth to investors and most importantly to the people, according to the sovereign wealth fund’s chief investment officer.

Pandu Sjahrir said the fund was focused on the demutualisation of Jakarta’s stock market and to support the establishment of the first financial centre in Bali to boost investor confidence.

“Investment is almost everything for us. Confidence is the name of the game, and we have to create long-term confidence,” Pandu said at the Nusa Dua Forum in Bali on Friday, organised by the South China Morning Post with Danantara Indonesia as partner.

“So, for me personally, Danantara has to outlast presidencies, and for this to happen, we have to be very, very successful,” he said.

Success was the best insurance in guaranteeing continuity from one political administration to another and the core leadership of Danantara had to be disciplined in its focus to deliver high and sustainable returns on its mandate.

(Left to right): Zuraidah Ibrahim, executive editor, South China Morning Post; Pandu Sjahrir, chief investment officer, Danantara Indonesia; and Tengku Zafrul Aziz, chairman, Malaysia Investment Development Authority speak during a panel discussion at the Nusa Dua Forum in Bali on Friday. Photo: Nora Tam
(Left to right): Zuraidah Ibrahim, executive editor, South China Morning Post; Pandu Sjahrir, chief investment officer, Danantara Indonesia; and Tengku Zafrul Aziz, chairman, Malaysia Investment Development Authority speak during a panel discussion at the Nusa Dua Forum in Bali on Friday. Photo: Nora Tam

“For us, our focus is strictly on profit,” Pandu said at a panel discussion with Tengku Zafrul Aziz, chairman of the Malaysian Investment Development Authority.

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