Jakarta, Feb. 25 -- The President's special advisor for economic affairs and national development, Bambang Brodjonegoro, has confirmed that the Daya Anagata Nusantara Investment Management Agency (Danantara) will manage all state-owned enterprises (SOEs) starting March 2025.

"Yes, according to the information, by March all (SOEs) will be included (in Danantara)," he told reporters at the Digital Economic Forum here on Tuesday.

President Prabowo Subianto officially launched Danantara as a sovereign wealth fund (SWF) at the Jakarta Presidential Palace on Monday.

Danantara will manage assets totaling over USD900 billion, with an initial projected fund of USD20 billion.

It will have two main divisions: the operations division will be led ...