Prabowo Targets 7% Return on Assets for Danantara

February 13, 2026 | 09:44 pm

TEMPO.CO, Jakarta - President Prabowo Subianto demands a 7 percent return on assets (RoA) from the sovereign wealth fund Danantara, while addressing the Indonesia Economic Outlook 2026 event at Wisma Danantara in Jakarta today.

The head of state claims Danantara, despite being less than a year old, has already been efficient and generated four times better results than in 2024. "This is extraordinary, but the efforts must continue. I demand a return on assets of 7 percent," said Prabowo on Friday, February 13, 2026.

Prabowo then glanced at his ministers, who attended the event, including Danantara's CEO, Rosan Roeslani. "Why are you smiling? Can the chief of Danantara handle it?" he asked, to which Rosan responded that he was ready.

Prabowo previously expressed optimism that the measure to cut down the number of state-owned companies (SOEs) to 200 could raise the profitability ratio to total assets (RoA). Quoting Antara, the president had asked the management of Danantara Indonesia to operate state-owned enterprises with international business standards for more efficient management.

Danantara's establishment had previously attracted the attention of international rating agency Moody's, which downgraded Indonesia's credit outlook from stable to negative.

The new agency triggered uncertainties about its financing, governance, and investment priorities. This is particularly because Danantara manages SOE assets exceeding US$900 billion or about 60 percent of the nominal GDP in 2025.

"An ambitious agenda that includes rationalizing existing SOEs, improving SOE returns, and investing in priority sectors, insufficient policy coordination and cohesiveness around Danantara's mandate raise risks to policy credibility and potential contingent liabilities for the sovereign," as written in the Moody's rationale for the downgrade released on February 5.

Despite these risks, Moody's basic assumption is that further institutional development will provide greater transparency in the governance and operations of Danantara.

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