Indonesia’s Danantara must ‘outlast’ presidencies to prove worth: investment chief

Indonesia’s Danantara must ‘outlast’ presidencies to prove worth: investment chief Addressing the Nusa Dua Forum, Pandu Sjahrir said the fund should build investor confidence through ‘quick wins’ and stock market reforms Pandu Sjahrir said the fund was focused on the demutualisation of Jakarta’s stock market and to support the establishment of the first financial centre in Bali to boost investor confidence. “So, for me personally, Danantara has to outlast presidencies, and for this to happen, we have to be very, very successful,” he said. Success was the best insurance in guaranteeing continuity from one political administration to another and the core leadership of Danantara had to be disciplined in its focus to deliver high and sustainable returns on its mandate. “For us, our focus is strictly on profit,” Pandu said at a panel discussion with Tengku Zafrul Aziz, chairman of Malaysian Investment Development Authority. [Image text:] CMP LIVE Danantara Indonesia SCM LIV SOU SCMP SCMP LIVE Danantara Indonesia SCMP LIVE