Latest news with #DayaAnagataNusantara
Business Times
3 days ago
- Business
- Business Times
Hedge fund manager Ray Dalio remains as adviser to Indonesia's Danantara, quashes exit rumours
[JAKARTA] Ray Dalio, founder of hedge fund giant Bridgewater Associates, has reaffirmed his ongoing role as a voluntary adviser to Indonesia's sovereign wealth fund, Daya Anagata Nusantara (Danantara), following speculation over his possible departure. In a joint statement issued on Wednesday (Jun 4), Dalio and Danantara clarified that there has been no change in their partnership. Dalio will remain an informal, unpaid adviser to both the fund and Indonesian President Prabowo Subianto. 'I remain a strong supporter of Danantara Indonesia's mission,' Dalio said. 'My commitment to advise its leadership and President Prabowo remains unchanged – informal, voluntary and unpaid.' His comments followed media reports suggesting that he may have distanced himself from the fund amid ongoing restructuring within Indonesia's investment ecosystem. While unconfirmed, the speculation had stirred questions about Danantara's strategic direction and international credibility, underscoring the weight of Dalio's involvement in lending confidence to the relatively young institution. Since its inception in February 2025, Danantara – tasked with mobilising long-term investments into priority sectors such as infrastructure, renewable energy and digital transformation – has drawn on Dalio's strategic insights to help shape its institutional vision and global positioning. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up 'His advice has been instrumental in shaping our direction as a sovereign investment institution,' the fund said in the statement. 'We continue to value his guidance in our pursuit of sustainable economic growth.' Danantara reiterated that Dalio's role is advisory and non-executive, with no formal contract or compensation – mirroring his engagements with other governments and philanthropic organisations. Dalio was appointed as an adviser to Danantara alongside a distinguished group of figures, including the former Thai prime minister Thaksin Shinawatra; former UK prime minister Tony Blair; and Helman Sitohang, former CEO of Credit Suisse Asia-Pacific. Speaking at the fund's launch ceremony in February, Danantara's chief investment officer Pandu Sjahrir highlighted that this advisory team will play a crucial role in guiding the fund through the challenges posed by increased financial volatility and geopolitical uncertainties on the global stage.
Business Times
20-05-2025
- Business
- Business Times
Indonesia's wealth fund Danantara eyes major overhaul of 800 state firms via mergers, closures
[JAKARTA] Indonesia's sovereign wealth fund Daya Anagata Nusantara is reviewing the operations of more than 800 state companies and subsidiaries as part of a sweeping overhaul that would likely involve mergers and closures. 'State-owned enterprises have built their own mini-conglomerates,' Dony Oskaria, chief operating officer of Danantara Indonesia, as the fund is known, said in a forum on Tuesday (May 20). He cited Telkom Indonesia as an example, which has around 200 subsidiaries, as well as airport manager Angkasa Pura and train operator Kereta Api Indonesia, which also run their own units. The review, targeted for completion by October, will categorise government-owned companies by sector and identify underperformers, with each to receive a roadmap that focuses on business optimisation that may include private investments. The goal is to reduce the number of government-owned firms to about 200 competitive and globally-oriented companies, Oskaria said. Launched in February, Danantara is a key part of President Prabowo Subianto's strategy to boost annual growth to 8 per cent during his term. It oversees a broad portfolio of major state firms, including top banks, energy and mining companies. Executives have said Danantara may eventually manage over US$1 trillion in assets. The fund must navigate a wide performance gap among the state enterprises. While state lenders have been posting profit, companies like Garuda Indonesia and Waskita Karya remain burdened by debt. Danantara targets annual dividends of 170 trillion rupiah (S$13.4 billion) for reinvestment, although for this year, it may only deliver around 120 trillion rupiah. 'We're still in the process of selecting viable projects,' Oskaria said. Earlier this month, Bloomberg reported that Danantara is in talks with France's Eramet for a potential joint investment in a nickel plant. BLOOMBERG
Bloomberg
20-05-2025
- Business
- Bloomberg
Indonesia's Danantara Eyes Major Overhaul of 800 State Firms Via Mergers, Closures
Indonesia's sovereign wealth fund Daya Anagata Nusantara is reviewing the operations of more than 800 state companies and subsidiaries as part of a sweeping overhaul that would likely involve mergers and closures. 'State-owned enterprises have built their own mini-conglomerates,' Dony Oskaria, chief operating officer of Danantara, as the fund is known, said in a forum on Tuesday. He cited PT Telkom Indonesia as an example, which has around 200 subsidiaries, as well as airport manager PT Angkasa Pura and train operator PT Kereta Api Indonesia, which also run their own units.
Yahoo
29-03-2025
- Business
- Yahoo
Indonesia Wealth Fund Danantara CIO on Investor Concern
Pandu Sjahrir, Chief Investment Officer of Daya Anagata Nusantara, speaks exclusively to Bloomberg Television about the Indonesian sovereign wealth fund's ambitions and operations. The fund, known as Danantara, has a direct reporting line to President Prabowo Subianto. Investors have sought clarity about its corporate structure, as worries about Prabowo's policies spark a wider selloff of Indonesian equities. Sjahrir speaks to Haslinda Amin about Danantara's team, the concerns around transparency, and what he considers to be the long-term successful outcome for the fund. (Corrects spelling of name in last sentence.) Sign in to access your portfolio
Bloomberg
28-03-2025
- Business
- Bloomberg
Indonesia Wealth Fund Danantara CIO on Investor Concern
Pandu Sjahrir, Chief Investment Officer of Daya Anagata Nusantara, speaks exclusively to Bloomberg Television about the Indonesian sovereign wealth fund's ambitions and operations. The fund, known as Danantara, has a direct reporting line to President Prabowo Subianto. Investors have sought clarity about its corporate structure, as worries about Prabowo's policies spark a wider selloff of Indonesian equities. Siahrir speaks to Haslinda Amin about Danantara's team, the concerns around transparency, and what he considers to be the long-term successful outcome for the fund. (Source: Bloomberg)
