Jakarta. Indonesia’s sovereign wealth fund Danantara Indonesia currently manages investments worth around $12 billion, according to Chief Investment Officer Pandu Satria Sjahrir.

Speaking at the Investor Daily Roundtable at Hotel Mulia Senayan in Jakarta on Tuesday, Pandu said the investment value had declined from around $14 billion at the beginning of the year, mainly because of movements in the rupiah exchange rate against the US dollar.

“Based on the total investment figures we disclosed publicly earlier this year, it was approximately $14 billion, but now it may be around $12 billion,” Pandu said.

Despite currency-related fluctuations, Pandu said Danantara continues to explore investment opportunities both domestically and internationally.

He described the current achievement as positive, given that Danantara remains in the early stages of development as a newly established institution with broad responsibilities, including overseeing the consolidation of Indonesia’s state-owned enterprises and national investment assets.

According to Pandu, the division of responsibilities within Danantara is becoming increasingly clear as the organization advances its restructuring agenda.

At the same time, Danantara is continuing the consolidation of state-owned enterprises, with the number of entities expected to be reduced from more than 1,000 currently to fewer than 300 this year.

The consolidation process is expected to generate substantial efficiency gains across the state-owned enterprise sector.

“There will be significant efficiencies, and eventually there will also be growth opportunities that we can pursue together with the private sector,” he said.

Pandu emphasized that Danantara’s primary focus is to generate investment returns. Beyond profitability, the sovereign wealth fund also aims to improve Indonesia’s economic productivity through the development of strategic sectors and the strengthening of human capital.