Of Catfish Pond and Old Agreements

The government seeks to turn old assets into money. But the fate of premium assets, such as Hotel Sultan, Taman Mini Indonesia Indah, and Plaza Semanggi, remains a mystery.

Khairul Anam

September 28, 2020

IF only the State Asset Management Institute (LMAN) had handed-over the building on the corners of Jalan Cikini Raya and Raden Saleh Raya in Menteng, Central Jakarta, without making renovations, perhaps the Education Fund Management Institute (LPDP) today would not only be managing scholarships. The LPDP could be using the building, which had been turned into the Gedung Danadyaksa Cikini, to raise catfish.

Five years ago, the confiscated asset o

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