Companies
Danantara is also reportedly set to launch its debut US dollar bond that could raise as much as US$1 billion in what could become a key test of foreign appetite amid growing challenges in Southeast Asia’s largest economy.
A woman walks past the Wisma Danantara Indonesia building on May 6 on Jl. Jend. Gatot Subroto in South Jakarta. (JP/Iqro Rinaldi)
A new government regulation that formally opens the door for state asset fund Danantara to receive injections from the state budget is deepening concerns that the agency is drifting from its founding promise as a commercially driven vehicle designed to attract private capital.Under Government Regulation No. 19/2026, which was signed on April 8 but only made publicly available in early June, Danantara may establish investment holding companies aimed at supporting national development and public services that are eligible for state capital injections in the form of cash, state assets or receivables.
Such entities, once injected with state capital, can be designated as state-owned enterprises (SOEs) serving as fiscal instruments under the new rules.
