Indonesia recently announced a major economic decision, with new President Prabowo planning to establish a national investment holding company similar to Singapore's Temasek to integrate and optimize the country's diversified investments. This institution is named Daya Anagata Nusantara Investment Management Agency, which will take on the responsibility of managing national investments outside of the national budget, with the aim of building investor confidence through efficient asset management and promoting sustained economic growth in Indonesia.

It is reported that President Prabowo officially appointed Muliaman Hadad, former director of the Financial Services Authority, as the head of the agency in October. Muliaman said in an interview that once the policy is approved by Congress, the government will immediately start establishing this investment institution. He also revealed that he is currently in in-depth discussions with other relevant departments on the specific structure of the investment institution, with the goal of building it into a company similar to SingaporeTemasek HoldingsThe state-owned investment company.

This investment institution has significant differences from existing state-owned enterprises in Indonesia. Muliaman emphasized that it is more like an institution with a broader investment scope and more flexible management, similar to the Indonesian Investment Authority, but will have a wider range of investment areas and greater influence. The institution will focus on integrating investments in key industries such as banking, telecommunications, construction, and mining, enhancing their competitiveness and profitability through optimized resource allocation and leveraging.

The original intention of the Indonesian government in establishing this investment institution is to promote sustained economic growth in Indonesia through centralized investment management and efficient asset management. President Prabowo made it clear in his inauguration speech that Indonesia must achieve energy self-sufficiency and plans to revive oil and gas production through measures such as reducing regulation, restarting idle oil wells, and increasing production. In addition, the new government will also develop natural gas resources in the waters near South Andaman Island and increase the use of biofuels to reduce dependence on oil and gas.

The establishment of the Dayanggantanu Shandara Investment Management Agency will also bring new opportunities for Indonesia's economic development. Analysts point out that President Prabowo's plan may change the market landscape in Indonesia and attract more foreign investors to enter the Indonesian market. Meanwhile, reducing state control over non critical areas will stimulate an increase in private investment and drive economic growth in various sectors.

In addition, the Indonesian government has stated that it will carry out privatization reforms for certain non essential enterprises to further enhance market competitiveness and vitality. This measure will help optimize resource allocation, enhance operational efficiency and market competitiveness of enterprises, and inject new impetus into the future development of the Indonesian economy.