Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsPos Indonesia, the country's oldest state-owned enterprise (SOE), has come under renewed scrutiny following the resignation of its president director, Daud Joseph, after only three months in office. His departure was followed by allegations of governance irregularities, including suspected manipulation of the company's financial statements, prompting state asset fund Danantara to launch an audit. The episode underscores the persistent weaknesses in SOE governance that have contributed to the sector's underperformance for years.
The Patriot Bond promises to fund national development, but its exceptionally low yield tells a different story. By offering sweeping legal immunity to wealthy investors, the vehicle risks morphing from an innovative financial tool into a toxic, de facto amnesty.
The government has issued Government Regulation (PP) No. 19/2026 on state asset fund Danantara, allowing entities under Danantara Investment Management (DIM) to receive state capital injections from the state budget for purposes of national development and public service. While Danantara recently secured investment grade credit ratings, the new regulation raises concerns about moral hazard, particularly as questions on the fund’s governance, transparency and financial disclosures remain unresolved.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.