Danantara Boss Pledges Job Creation as Agency's Top Priority

TEMPO.CO, Jakarta - Indonesia is suffering waves of mass layoffs across various industrial sectors. The Ministry of Manpower said there were 24,455 work termination cases as of May 20, 2025.

The ministry figure is way off compared to the number released by the Indonesian Employers' Association (Apindo), which reported 73,992 cases from January 1 to March 10, 2025. This figure is based on the data of participants who are no longer members of the Social Security Agency for Employment (BPJS Ketenagakerjaan) during that period.

In the midst of the ongoing wave of layoffs, the sovereign wealth fund, Danantara, a new institution managing assets of more than US$900 billion in various national strategic sectors, stated that job creation is their priority.

Previously, Danantara's CEO, Rosan Roeslani, stated that creating jobs is Danantara's priority. "Job creation is a challenging issue for Indonesia, and creating jobs is the top priority in Indonesia," said Rosan on Thursday, June 12, 2025, cited from Antara.

Rosan hopes Danantara can attract global investors, especially in infrastructure projects and downstream industries, which can then create high-quality jobs for the younger generation.

Danantara will also endeavor to make strategic investments to address the demographic bonus challenge, where two million babies are born every year, demanding sustained job creation as the top priority for long-term inclusive and productive development.

He emphasizes that all state-owned enterprises (SOEs) currently under Danantara's control will be optimized to create added value through consolidation, privatization, and close collaboration with private sector actors at home and abroad.

Danantara currently oversees 50 state-owned enterprises and 889 subsidiaries, all of which are directed towards generating maximum economic value through efficiency, innovation, and strategic cross-border partnerships.

Through Danantara, Indonesia also welcomes investment opportunities with international partners in various sectors, believing that this collaboration will bring mutual benefits and accelerate national economic growth.

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