News and Highlights

Danareksa SOE Holding with PPA committed to optimizing Lokananta’s assets as a creative & commercial hub for musicians, artists, and MSMEs to provide social, economic, and cultural impacts. As part of this transformation, Danareksa-PPA launched a talent search event “Bintang Muda Lokananta” coinciding with Lokananta’s 68th anniversary on October 28, 2024, aimed at incubating new musicians from all over Indonesia. The selected musicians will undergo mentoring, recording, releasing singles, and a promotional tour in Yogyakarta, Jakarta, and Surakarta. PPA Investment Director Ridha Farid Lesmana emphasized that this program not only creates business value, but also has a social impact by improving the quality of music education and strengthening the music industry ecosystem in Indonesia. As part of Social and Environmental Responsibility (SER), this program supports the Sustainable Development Goals, especially quality education and economic growth, with Danareksa-PPA collaborating with the Radar Budaya Kreatif Foundation to curate training and mentoring for participants.