Prabowo Says Danantara Revenue Up 400%, But Pending Audit
Indonesian President Prabowo Subianto reported a 400 percent revenue surge for the state-owned investment agency Danantara. However, officials noted these figures are preliminary and pending a formal audit by the Supreme Audit Agency.
Why it matters
The transparency of Indonesia's sovereign wealth fund is critical for investor confidence and the management of the nation's state-owned enterprise ecosystem.
TEMPO.CO, Jakarta - President Prabowo Subianto said he has received a report that the revenue of Indonesia's sovereign wealth fund Danantara surged by approximately 400 percent during its first year. But the head of state said the numbers remain subject to verification and auditing."I received a report stating that Danantara's revenue has increased by roughly 400 percent. We must continue to audit and verify this," Prabowo said during the launch of ten books authored by the Minister of Energy and Mineral Resources, Bahlil Lahadalia, in Jakarta on Friday.According to the President, it would still prove to be a significant growth even if the increase falls short of 400 percent upon review.
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