Indonesia Launches Sovereign Wealth Fund

Indonesia launches new sovereign wealth fund Danantara, with eye on 8% growth
The fund will invest US$20 billion (S$27 billion) in 20 projects to drive development in the nation. Read more at straitstimes.com.
New Indonesia sovereign wealth fund to invest $20 billion in projects
Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said.
Indonesia’s New Danantara Investment Fund Readies for Launch
A sweeping overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could give President Prabowo Subianto a major cache of funds to deploy in his effort to supercharge growth.
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.
Indonesia launches new multibillion dollar Danantara sovereign wealth fund
Indonesia’s Prabowo officially establishes Danantara, which is modelled on Singapore’s investment arm Temasek.
Danantara, Indonesia's new sovereign wealth fund: what to know
He wants to tap into the fund's assets -- planned to be more than $900 billion -- to boost Indonesia to developed economy status, despite expert concern about its governance.
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.
en.qdnd4h
Indonesia to invest in three key sectors
Indonesia s newly inaugurated sovereign wealth fund, Daya Anagata Nusantara (Danantara), will prioritize investments in ...
Antara News59m
Danantara leaders must demonstrate full commitment to running company
President's Special Advisor on Economics and National Development Bambang Brodjonegoro emphasized that the leadership of the ...
Prabowo’s Danantara faces uphill battle for investor trust: Analysts
President Prabowo Subianto launched Danantara, the nation's newest sovereign wealth fund, with US$20 billion in initial ...
Tempo6h
Danantara is Not Above the Law, Group CEO Claims
TEMPO.CO, Jakarta - Group CEO of the State-Owned Enterprises Investment Management Agency (BPI) Rosan Roeslani stated that ...
The Jakarta Post5h
Danantara snubs megaproject Nusantara in investment priorities: State Palace
Authority had been hoping for a slice of Danantara’s capital to support the megaproject’s development, its head Basuki ...
Indonesia’s funding plan for new investment arm sparks backlash, transparency concerns
Critics warn of potential corruption and unchecked political influence in managing state-owned assets via new sovereign ...
Tempo2h
Prabowo Claims Danantara's Rp3tn Capital from Budget Savings; Advisor Responds
Prabowo claims that he has secured more than Rp300 trillion from inefficiency, corruption, and improper spending, to be ...