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Indonesia launches sovereign wealth fund to manage assets worth US$900 billion; initial budget to kickstart 20 ‘strategic projects’

Indonesia has launched a sovereign wealth fund named Daya Anagata Nusantara, aiming to manage over US$900 billion in state-owned enterprise assets.
The initial budget of US$20 billion will kickstart investments in high-impact projects, including renewable energy.
Prabowo aims to increase Indonesia's annual economic growth from about 5 percent to 8 percent by collaborating with foreign partners.
The fund is modeled after Singapore's Temasek and recently received parliamentary approval.

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Channel News Asia

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.

3 hours ago·Singapore

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Nikkei

Indonesia launches Danantara sovereign wealth fund: 5 things to know

JAKARTA-- Indonesia on Monday launched a much-anticipated sovereign wealth fund that government officials say is key to hitting President Prabowo Subi

4 hours ago·Japan

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شبكة الميادين

Indonesia launches multi-billion-dollar sovereign wealth fund

The initiative, modeled after Singapore’s Temasek, is part of President Prabowo Subianto’s broader strategy to boost the country’s annual growth from 5% to 8%.

4 hours ago

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Bangkok Post

New Indonesia sovereign wealth fund to invest $20 billion in projects

JAKARTA - Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country's new sovereign wealth fund.

5 hours ago·Bangkok, Thailand

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South China Morning Post

Indonesia launches new multibillion dollar sovereign wealth fund

Indonesia’s Prabowo officially establishes Danantara, which is modelled on Singapore’s investment arm Temasek.

7 hours ago·Hong Kong

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Financial Post

Indonesia's New Danantara Investment Fund Readies for Launch

(Bloomberg) — 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.

11 hours ago·Canada

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