JAKARTA – President Prabowo Subianto expressed confidence that the Indonesian Investment Authority, Daya Anagata Nusantara (Danantara), will be a strategic and efficient solution for optimising the role of state-owned enterprises (SOEs).

"Danantara Indonesia is a strategic and efficient solution in optimising state-owned enterprises," said the President during the launch of Danantara Indonesia in Jakarta on Monday (24/2).

The President noted that Danantara will not only reinvest SOE dividends into industries that promote long-term growth but will also transform SOEs into world-class leaders in their respective sectors.

The formation of Danantara is based on the third amendment to Law Number 19 of 2003 concerning state-owned enterprises. (LK/ZH)