Litigation Insight
Leaked Reasons Behind the Delay in Danantara’s Formation
Indonesia
|Published:Jan 20, 2025
Deputy Minister of Finance (“Deputy Minister”) Thomas Djiwandono revealed that the progress of the Investment Management Agency (“BPI”) Daya Anagata Nusantara (“Danantara”) will not be launched anytime soon. The delay is attributed to several underdeveloped regulatory frameworks necessary for implementing Danantara as a Superholding for State-Owned Enterprises (“BUMN”).
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