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Indonesia launches new multi-billion-dollar sovereign wealth fund

Indonesia has launched a new sovereign wealth fund named Daya Anagata Nusantara, or Danantara, to manage over US$900 billion in state assets, according to President Prabowo Subianto.
The fund aims to invest in at least 20 high-impact national projects, with an initial investment of US$20 billion for strategic projects.
Prabowo revealed that the investments will focus on areas including nickel, bauxite, copper, food production, renewable energy, and artificial intelligence.
Prabowo emphasized that the fund aims to enhance international cooperation and strengthen Indonesia’s role as a regional stabilizer.

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Indonesia launches new multi-billion-dollar sovereign wealth fund

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia’s biggest economy.

3 days ago·Manila, Philippines

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Radio France Internationale

Indonesia launches sovereign wealth fund to boost growth

On February 24, the Indonesian government launched a sovereign wealth fund to boost the growth of the archipelago. With a total budget of $20 billion to start up, the fund will be set to grow rapidly.

4 days ago·Paris, France

Prabowo’s bold bet: Indonesia’s new US$900b wealth fund sparks hopes and fears

JAKARTA, Feb 24 — Indonesian President Prabowo Subianto on Monday launched a new sovereign wealth fund set to be the biggest in South-east Asia’s largest economy and give the ex-general greater control of the country’s coffers. He wants to tap into the fund’s assets — planned to be more than US$900 billion (RM3.96 trillion) — to boost Indonesia to developed economy status, despite expert concern about its governance. Here’s what the fund — named…

4 days ago·Selangor, Malaysia

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asianews.it

INDONESIA Jakarta launches Danantara sovereign wealth fund, criticism for social cuts

Indonesian President Prabowo Subianto today inaugurated a new sovereign wealth fund, which should manage assets of 900 billion dollars to finance some projects and stimulate economic growth. But the operation has raised strong criticism for the risk of corruption and for the heavy cuts in social assistance programs, which could even deprive victims of terrorism of medical treatment.

4 days ago

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The Straits Times

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.

4 days ago·Singapore

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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.

4 days ago·Singapore

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