Indonesia, Danantara and sovereign wealth fund
Asia Asset Management · 3h
Indonesia launches new wealth fund to manage US$900 billion-plus of state assets
Indonesia has launched a new sovereign wealth fund to manage more than US$900 billion of state assets, two weeks after its parliament approved legislative amendment paving the way for the creation.
Channel NewsAsia Singapore · 12h
Indonesia launches sovereign wealth fund to manage assets worth US$900 billion; initial budget to kickstart 20 ‘strategic projects’
Monday’s launch comes after Southeast Asia’s biggest economy saw a wave of student protests in major Indonesian cities last week as a result of the government’s budget cuts to fund President Prabowo Subianto’s flagship programme - the free nutritious meal initiative for students - as well as Danantara.
Business Times · 8h
Indonesia launches Danantara investment fund, channels US$20 billion into 20 strategic projects
JAKARTA] Indonesia launched the Danantara investment fund on Monday (Feb 24), a high-stakes, multi-billion-dollar initiative designed to consolidate the country’s state-owned enterprises (SOEs), while serving as a powerful catalyst to attract investment and fuel the nation’s ambitious growth trajectory.
Channel NewsAsia Singapore · 2h
Indonesia launches sovereign wealth fund Danantara, aiming to hold US$900 billion in assets
Indonesian President Prabowo Subianto has signed a regulation that officially established a new sovereign wealth fund. The Daya Anagata Nusantara Investment Management Agency (Danantara) will manage assets worth more than US$900 billion.
A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle ...
The new fund, known as Daya Anagata Nusantara, or Danantara, which is modeled on Singapore's investment arm Temasek, was ...
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