Government Rushes Cut Loss Danantara Regulation

The Ministry of State-Owned Enterprises (“BUMN”) is currently drafting a number of ministerial regulations as derivatives of Law No. 1 of 2025 on the Third Amendment to Law No. 19 of 2003 on BUMN (collectively referred to as “BUMN Law”). This includes regulations on the implementation of the Investment Management Agency (Badan Pengelola Investasi/BPI) Daya Anagata Nusantara (“Danantara”).

“Yes, it is true, it is still being discussed internally by the government,” said Assistant Deputy for Laws and Regulations at the Ministry of BUMN Anas Puji Istanto to Hukumonline.

One of them is the implementing regulation for Danantara, which governs the cut-loss mechanism, investment value reduction, or procedures for reserving investment losses at Danantara and BUMN in general. The regulation includes criteria, procedures, and governance for cut-loss, as well as legal protection for decision-makers acting in good faith in accordance with the Business Judgment Rule (“BJR”) principles.

“It should be issued soon this year,” confirmed BPI Danantara’s Managing Director of Legal Affairs, Bono Daru Adji.