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View all search resultsDanantara takes flak for not publishing financial reports
Analysts say a decision by state asset fund Danantara not to make its financial reports public will hurt investor confidence.
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A woman walks past the Wisma Danantara Indonesia building on May 6, 2026, on Jl. Jend. Gatot Subroto in South Jakarta. (JP/Iqro Rinaldi)
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decision by state asset fund Daya Anagata Nusantara (Danantara) not to make its financial reports public could hurt investor confidence, analysts warn, raising questions about President Prabowo Subianto’s promises on transparency and accountability.
Adisatrya Suryo Sulisto, deputy chairman of House Commission VI, which oversees state-owned enterprises (SOEs), told The Jakarta Post on Tuesday that Danantara should publicly disclose the reports “to maintain the trust of the people”.
“Danantara, which is tasked with managing SOEs, has to make its annual financial reports public as a form of organizational accountability and an implementation of good corporate governance principles,” said Adisatrya.
The fund announced in a statement on Thursday that it would publish the reports only to the Supreme Audit Agency (BPK), in accordance with its establishment under laws No. 1/2025 and No. 16/2025.
However, it amended the statement the following day, removing the reference to the BPK and making it less clear whether the reports would be made public.
“Danantara Indonesia’s financial report will still undergo audit processes, in accordance with the mandate of laws and regulations,” reads the revised statement.
The statement notes that Danantara is a sui generis body, thereby characterizing the fund as a one-of-a-kind institution and indicating it may be subject to specific regulations rather than general legal frameworks.
