Danantara Seeks to Restore National Sovereignty Over State-Owned Enterprises in Indonesia
Sofyano Zakaria from Puskepi emphasizes that Danantara should be seen as a serious state effort to reclaim foreign shares in key Indonesian state-owned enterprises (BUMN) like PT Pertamina Geothermal Energy, PT Perusahaan Gas Negara, and PT Elnusa. He advocates for Danantara to act as a strategic buyer of these shares, utilizing legal market mechanisms for buybacks and acquisitions, while stressing the importance of transparent management. The initiative aims to strengthen national control over energy resources, enhance nationalistic economic policies, and ensure that vital decisions remain within the country.
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Danantara should be recognized as a key instrument for Indonesia to regain control over foreign-held shares in strategic state-owned enterprises (BUMN), according to Sofyano Zakaria of Puskepi. He highlights companies such as PT Pertamina Geothermal Energy, PT Perusahaan Gas Negara, and PT Elnusa as critical to national energy security.
Danantara is positioned to consolidate national assets and can engage in strategic buybacks and acquisitions of foreign shares. For effective operation, Danantara must establish a clear roadmap for prioritizing BUMN, utilize strong negotiation capabilities, and ensure transparent governance. A focus on national ownership in energy sectors is essential for protecting long-term national interests.
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