Business · Companies · 2 hrs ago

Danantara Outlines Investor Confidence Plan Amid Gibran Resignation Talk

Danantara Outlines Investor Confidence Plan Amid Gibran Resignation Talk

Indonesia’s investment agency Danantara says it will protect investor confidence amid reports that Vice-President Gibran Rakabuming Raka wants to resign.

State Secretary Prasetyo Hadi said Gibran told President Prabowo Subianto he intended to step down, but he has not resigned.

The political dispute follows court decisions concerning Gibran’s overseas education documents, which prompted calls for him to resign or face impeachment.

Danantara chief Rosan Roeslani said investors look at the experience and track records of investment managers, as well as the credibility of the institutions overseeing them.

He also said careful management selection and strong company results can help reassure investors.

Economic Affairs Minister Airlangga Hartarto said Indonesia’s economy and stock-market outlook remained solid, while the government monitored developments.

Danantara also plans ongoing public and business education, and officials gave no further decision on Gibran’s reported resignation intention.

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What people are saying

Rosan RoeslaniDanantara chief executive officer
The most important thing is, of course, us; the most important thing is the managers. Our bank, what is its source? Its human capital, its people, are the most important.
via CNBC Indonesia
Airlangga HartartoCoordinating Minister for Economic Affairs
First, our economic condition is strong and today perceptions in the stock market are still positive.
via Detik
Prasetyo HadiState Secretary
In that discussion, the vice-president together with the president, Mr Prabowo Subianto, expressed his intention to resign in response to the developing dynamics related to the decisions at the Constitutional Court and the Supreme Court.
via Detik