Erick Thohir: BUMN Law Revision Marks the Establishment of BPI Danantara

JAKARTA, InvestorTrust.id – Indonesia’s Minister of State-Owned Enterprises (SOEs) Erick Thohir has announced that the passage of the third amendment to Law No. 19 of 2003 on SOEs will officially mark the establishment of Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), a new state investment management agency.

“The revised SOE Law, which has been approved by the government and Parliament at the first-level discussion, also includes the formation of BPI Danantara,” Erick said during the 12th Plenary Session of the House of Representatives (DPR) for the 2024-2025 legislative term in Jakarta on Tuesday (Feb. 4, 2025).

Strengthening SOE Asset Management

Erick outlined several key aspects of the revised law, including BPI Danantara’s role in consolidating the management of SOE assets, dividends, and investments.

“This revision reinforces the governance principles of SOE asset management, ensuring accountability and compliance with existing regulations,” he explained.

BPI Danantara will oversee both the operational and financial aspects of SOEs, including dividend management. The agency is expected to support the government’s target of achieving 8% economic growth, a goal set by President Prabowo Subianto.

“The transformation of SOEs through BPI Danantara is a strategic step toward realizing our shared vision of a ‘Golden Indonesia 2045,’” Erick added, referring to the country’s long-term development plan.

Enhancing SOE Competitiveness and Inclusion

The revised SOE Law also clarifies the legal status of SOE assets as separated state property, a move aimed at strengthening their competitiveness and aligning with Indonesia’s broader economic objectives.

“This will make SOEs more agile in executing corporate actions,” Erick noted.

Beyond asset management, the amendments introduce policies promoting workplace inclusivity. The law expands opportunities for women and persons with disabilities, specifically enabling female employees to hold executive, board of commissioners, or other strategic leadership positions within SOEs.

Erick emphasized that synergy between the government, SOEs, and key stakeholders is crucial for building a strong and sustainable economic foundation, ensuring long-term benefits for future generations.