Andry Satrio Nugroho, Head of the Center of Industry, Trade, and Investment INDEF, emphasizes the importance of appointing a professional figure independent of political interests to lead Danantara. The strategic position should be filled by someone with adequate competence and without political affiliations to maintain the credibility of the institution.
Andry warned that making the wrong decision in selecting the leadership of Danantara could trigger capital outflow from the Composite Stock Price Index (IHSG) and foreign fund outflows from the State Securities Market (SBN). This condition would further reduce foreign ownership in these investment instruments. Additionally, seven state-owned enterprises under Danantara that are listed on the stock exchange are expected to experience a significant stock correction after the announcement of the new leadership.
Moreover, this sentiment may also put pressure on the exchange rate of the Rupiah against the Dollar towards Rp16,500, and it may continue to weaken until the end of the year. Andry believes that this situation will make it even more challenging for Danantara to secure funding and gain the trust of foreign investors in the future.
He stresses that the leader of Danantara must be experienced in investment fund management and have a track record in corporate business management. If those managing it have political affiliations, are family members of public officials, or current ministry officials, moral hazard is likely to occur, and the accountability of the institution will be further questioned.
