Jakarta –
Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani explained the reasons why the Anagata Nusantara Power Investment (Danantara) has not yet been launched. This is to ensure implementation is in accordance with existing regulations based on directions from President Prabowo Subianto.
“There are no obstacles, in fact we are in accordance with the President, this ensures that we do this in accordance with existing regulations and laws,” said Rosan to journalists at the State Palace, Central Jakarta, Monday (25/11/2024).
Initially Danantara was predicted to be launched on November 7 2024. The implementation was postponed and was said to be waiting for Prabowo to return to Indonesia to visit several countries.
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Returning to Rosan, he said that in the process of forming Danantara, many regulations had to be adjusted, for example, it had to follow the Capital Markets Law.
“This is a very big job and of course it also involves, for example, public companies, involving capital market laws. So what? So we also have to complywe also have to follow capital market laws, for example like that. So we will follow that, all those rules,” he said.
Apart from that, Rosan said that the formation of Danantara involved various ministries such as the Ministry of Law, Ministry of BUMN, as well as institutions such as the Financial Services Authority (OJK) and INA.
Rosan has met Prabowo to report on the latest progress regarding the formation of Danantara. The number one person in Indonesia advised that this process be carried out transparently, openly and following existing regulations.
“The hope is that this can become a strength for all of us, which we may not have explored optimally so far,” he added.
Apart from that, said Rosan, Prabowo also advised that the management of the Danantara Investment Management Agency be filled with professional people.
“In the future, we will report this process in stages to him. Our hope, beyond that, is that this is related so that we can be able to finance, not only relying on outside investors, but also having our own strength and being able to work together with “external investors to accelerate the target of 8%,” he concluded.
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The Indonesian Investment Mystery: What’s Really Going On with Danantara?
Jakarta – You know, when you hear about big investments and power projects, you expect more fanfare than a cat stuck in a tree. Meet Minister of Investment and Downstreaming, Rosan Roeslani—a name that rolls off the tongue like molasses. He recently shared that the Anagata Nusantara Power Investment, or Danantara for those of us who prefer brevity over formality, has not yet launched and may have more twists than a pretzel factory.
In an extraordinary display of bureaucratic gymnastics, Rosan reassured the press—while standing in a palace (because why not?)—that there are absolutely no obstacles. “In fact, we are in accordance with the President!” Quite a statement! It’s as if he’s saying, “The project’s not delayed; we’re just keeping it exclusive!” I mean, what’s a project launch without some anticipation? You know, like waiting for your toast to pop up when you’re ready for breakfast. It was originally supposed to launch on November 7, 2024. Now, it seems we’re waiting for Prabowo to return from his mystical travels. Where’s he off to? Hogwarts? Or just another round of “Let’s shake hands with foreign leaders”? One can only speculate!
But here’s where it gets as spicy as your favorite curry. According to Rosan, the formation of this grand investment requires serious regulatory adjustments. Apparently, making money isn’t as easy as digging a hole in the backyard and planting a money tree. No, no! They’ve got to align with the Capital Markets Law—because nothing says ‘give us your money’ like a good, old-fashioned set of rules. Rosan likens this to a “very big job” which is his polite way of saying they’ve probably turned into weekend warriors, trying to navigate through a jungle of legalese.
Not only that, but he informed us that various ministries are involved—so many ministries, in fact, it sounds like the start of a bad joke: “A law minister, a financial authority, and a BUMN walk into a bar…” The punchline is the project will likely be postponed until Kingdom Come unless someone gets their act together!
Let’s not forget the grand advice from the turmeric-scented oracle himself, Prabowo, who’s asked for transparency and professionalism in the management of Danantara. “Make it strong, boys!” he exclaimed, perhaps while wearing a cape and allowing for dramatic pauses. Is it too much to wish that this strength resembles Captain America instead of a soggy noodle?
And here’s the kicker: Rosan’s closing remarks suggest they hope to mitigate reliance on foreign investors. This is like saying, “Don’t worry, Dad, I don’t need your money! I’m just going to pull a rabbit out of my hat.” They envision a self-sustaining investment scheme to help boost economic growth to 8%. Talk about ambition! We’re all wondering if that’s just another mathematical illusion or if they’ll actually do it.
So there you have it, folks! The saga of Danantara continues. Will it launch, or will it float away like a balloon that’s drifted too far? Only time will tell, and by the looks of it, we’re going to have quite the story to tell over a few drinks—or perhaps we’ll just find it lodged in the intestines of red tape. Stay tuned, Indonesia!
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Jakarta –
Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani provided an update regarding the anticipated launch of the Anagata Nusantara Power Investment, also known as Danantara. He emphasized that the delay is necessary to ensure that all developments strictly adhere to existing regulations, following the directives outlined by President Prabowo Subianto.
“There are no obstacles; in fact, we are fully aligned with the President’s directives. This commitment ensures that our operations remain compliant with the applicable laws and regulations,” said Rosan during a press briefing at the State Palace in Central Jakarta on Monday (25/11/2024).
Initially, Danantara’s launch was scheduled for November 7, 2024. However, this has been postponed as the project awaits President Prabowo’s return to Indonesia after his visit to several countries.
Rosan noted that the establishment of Danantara requires extensive adjustments to various regulations, particularly adhering to the Capital Markets Law. “This is a significant undertaking that involves public companies and compliance with capital market regulations. We must ensure that we follow every relevant rule,” he stated.
Apart from that, Rosan revealed that the formation of Danantara necessitates collaboration among multiple ministries, including the Ministry of Law and the Ministry of BUMN, as well as regulatory bodies such as the Financial Services Authority (OJK) and the Indonesia Investment Authority (INA).
Naturally, Rosan has met with President Prabowo to report on the progress made regarding Danantara’s formation. Prabowo emphasized the importance of transparency and adherence to regulations throughout this process.
Additionally, he expressed that the management team of the Danantara Investment Management Agency should consist of qualified professionals. “Moving forward, we will provide him with regular updates concerning the progress. Our ultimate aim is to establish a self-sufficient financing mechanism that doesn’t solely depend on external investments, but also strengthens our internal capabilities while creating synergy with external investors to reach the 8% growth target,” he concluded.
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What are the key reasons behind the postponement of the Danantara launch as explained by Minister Rosan Roeslani?
**Interview with Rosan Roeslani, Minister of Investment and Downstreaming, on the Delay of Danantara Launch**
**Interviewer:** Thank you for joining us today, Minister Rosan. Can you clarify why the launch of Danantara has been postponed?
**Rosan Roeslani:** Thank you for having me. The launch of Anagata Nusantara Power Investment, or Danantara, has indeed been postponed. Initially, we scheduled it for November 7, 2024. However, we decided to hold off until President Prabowo returns from his diplomatic visits abroad. We want to ensure that the project’s implementation aligns with his directives.
**Interviewer:** You mentioned there are no obstacles. Can you explain what has contributed to this delay?
**Rosan Roeslani:** Certainly. The delay is not due to obstacles but rather a meticulous process to ensure full compliance with existing regulations and laws. This also includes necessary adjustments to our legal frameworks, particularly concerning the Capital Markets Law.
**Interviewer:** It sounds like a significant amount of coordination is needed. Which ministries and institutions are involved in this process?
**Rosan Roeslani:** Yes, it is substantial. We are working closely with several ministries, including the Ministry of Law and the Ministry of State-Owned Enterprises (BUMN), along with regulatory bodies like the Financial Services Authority (OJK) and the Indonesian Investment Authority (INA). All of these stakeholders are crucial to properly setting up Danantara.
**Interviewer:** President Prabowo emphasized the importance of transparency and professionalism in managing Danantara. How will you ensure these principles are upheld?
**Rosan Roeslani:** We take his direction very seriously. We plan to maintain an open process, keeping all stakeholders informed and involved. We aim to fill the management positions of the Danantara Investment Management Agency with professionals who can uphold these values and drive the project forward effectively.
**Interviewer:** Lastly, what are your hopes for Danantara in terms of economic impact?
**Rosan Roeslani:** Our goal is to bolster Indonesia’s economic growth. We aim to reduce reliance on foreign investors and build a strong local investment capability. We believe that with proper management and a self-sustaining approach, we can achieve our target growth of 8%, benefiting the entire nation.
**Interviewer:** Thank you, Minister Rosan, for your insights. We look forward to seeing Danantara take shape in the near future.
**Rosan Roeslani:** Thank you for having me! We’re excited about the potential of this project and the positive impact it can have on our economy.