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View all search resultsConcerns mount over Danantara exec’s dual role as SOE agency head
Lawmakers say the new structure draws a clear line between regulator and operator, but Dony Oskaria’s appointment threatens to blur that boundary.
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Dony Oskaria (left) signs an official decree as President Prabowo Subianto inaugurates the head and deputy heads of the State-Owned Enterprises (SOEs) Regulatory Agency (BP BUMN) at the State Palace in Jakarta on Oct. 8, 2025. (BPMI Setpres/Laily Rachev)
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resident Prabowo Subianto’s decision to appoint Danantara executive Dony Oskaria as head of the newly established State-Owned Enterprises (SOEs) Regulatory Agency (BP BUMN) has sparked concerns over potential conflicts of interest and the government’s commitment to corporate governance reforms.
The agency, which was created under an amendment to the SOEs Law passed last week, replaces the SOEs Ministry as the regulatory body for state firms.
Before being appointed as the agency’s head, Dony had served as deputy SOEs minister in Prabowo’s cabinet since he took office in October last year. He also served as acting SOEs minister after Erick Thohir was appointed Youth and Sports Minister in a cabinet reshuffle in September.
Prior to his deputy ministerial post, Dony, a seasoned banker, led the state-owned tourism holding company PT Aviasi Pariwisata Indonesia, or InJourney, since 2021, and had served as a presidential adviser on the tourist sector under then-president Joko “Jokowi” Widodo in 2016.
He told reporters after his inauguration that he would retain his position as chief operating officer (COO) of Danantara, which he has held since the state asset fund’s establishment in February without relinquishing his post at the SOEs Ministry.
His assignments at BP BUMN and his previous ministerial role shared “similar goals,” he said, namely, to fast-track the transformation and consolidation of SOEs in line with the President’s directive.
“This year, we [BP BUMN] have 22 work programs underway, including consolidation in the insurance and construction sectors and debt restructuring at Krakatau Steel and the Whoosh [Jakarta–Bandung] high-speed rail project,” Dony said.
