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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Danantara Urges PT PAL Indonesia to Boost Maritime Sector via Governance and Tech

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • PT Danantara Asset Management (DAM) urged state-owned PT PAL Indonesia to enhance corporate governance and technology use to strengthen the national maritime industry.
  • DAM emphasized PT PAL's role as a strategic national asset crucial for Indonesia's maritime strength and praised its project management.
  • PT PAL Indonesia's president director highlighted the company's transformation aims to build a maritime industrial ecosystem that adds value to the national economy, noting the shipbuilding sector's significant multiplier effect.

PT Danantara Asset Management (DAM) is calling on state-owned shipbuilding company PT PAL Indonesia to accelerate its corporate governance and technology adoption to bolster the nation's maritime sector. Rabin Indrajad Hattari, President Commissioner of PT DAM, stated in Surabaya that as government assignments increase, companies like PT PAL must be supported by robust governance and efficient technology to ensure sustainable competitiveness.

As strategic assignments from the government increase, companies must be supported by healthy corporate governance, good governance, and using technology that can increase competitiveness sustainably.

โ€” Rabin Indrajad HattariPT DAM President Commissioner emphasizing the need for strong governance and technology for PT PAL Indonesia.

Hattari underscored PT PAL Indonesia's importance as a national strategic asset, vital for establishing Indonesia as a formidable maritime power. He acknowledged the company's effective project management system in maintaining discipline for its strategic initiatives. DAM pledges continued encouragement for government support of PT PAL's programs to expedite its transformation and enhance its contribution to the national shipbuilding industry.

"The success of the transformation must continue to be accelerated by strengthening corporate governance, risk management, and adopting technology as a foundation for long-term growth," Hattari said. He believes that these measures are essential for sustained development and increased competitiveness in the global market.

The success of the transformation must continue to be accelerated by strengthening corporate governance, risk management, and adopting technology as a foundation for long-term growth.

โ€” Rabin Indrajad HattariPT DAM President Commissioner outlining key elements for PT PAL Indonesia's successful transformation.

PT PAL Indonesia President Director Kaharuddin Djenod elaborated on the company's vision, explaining that its transformation extends beyond mere productivity gains. The goal is to cultivate a comprehensive maritime industrial ecosystem that generates significant added value for the Indonesian economy. Djenod pointed out that the shipbuilding industry possesses a greater multiplier effect compared to many other sectors, driving the national supply chain, increasing the Domestic Component Level (TKDN), and creating extensive employment opportunities both directly in shipyards and indirectly in supporting industries.

The shipbuilding industry has a much greater multiplier effect than other industrial sectors. In addition to driving the national supply chain, this industry also creates a large number of jobs both directly in shipyards and indirectly.

โ€” Kaharuddin DjenodPT PAL Indonesia President Director explaining the economic impact of the shipbuilding industry.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.