Sovereign fund Danantara Indonesia names 'dream team' of former presidents, Sachs, Dalio and ex-Thai PM Thaksin
New sovereign fund Danantara Indonesia unveiled on Monday what it called a "dream team" to chart its strategy, including ex-presidents as well as advisory roles for top finance experts.
Thaksin among prominent figures in Indonesia’s Danantara fund
BANGKOK: Former Thai Prime Minister Thaksin Shinawatra is among 22 prominent figures appointed to Indonesia's sovereign wealth fund, Daya Anagata Nusantara (Danantara), in an effort to boost positive sentiment toward the Indonesian economy.
Distrust in Indonesian wealth fund Danantara sparks online calls to switch banks
Growing public distrust of the newly formed sovereign wealth fund, Daya Anagata Nusantara (Danantara), has sparked online discussions on switching banks and cash withdrawals, leading analysts to debate the actual risks of a potential bank run or the ensuing economic crisis.
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 capital on Monday (Feb 24), but analysts have warned that the fund will face challenges in winning investor trust given its governance structure.
Prabowo aims to send US$20bil in budget savings to sovereign wealth fund Danantara
JAKARTA: Indonesia will channel US$20 billion in budget savings to its newly created Danantara investment body to help finance 20 high-impact national projects, President Prabowo Subianto said on Monday (Feb 24
Danantara and the spectre of Malaysian 1MDB Scandal: Comment
JAKARTA: The Indonesian government is currently designing Danantara, a super holding company for state-owned enterprises (SOEs) that is expected to become a new locomotive in managing national assets.
No politics, just business, says key official at Indonesia’s new wealth fund
JAKARTA: Indonesia's sovereign wealth fund Danantara will focus on investments in the mineral sector, digital infrastructure, renewable energy and healthcare, among others, even as critics questioned its ability to avoid mixing business with political interests.
Investors dump stocks as Prabowo flexes muscles
Jakarta: An unprecedented accumulation of power in Indonesia's corporate landscape is fuelling investor concern about political influence and transparency in South-East Asia's biggest equity market.
New sovereign wealth fund launched
Prabowo's latest initiative to deliver on his ambitious economic growth target of 8%.
Indonesia's new sovereign fund will run with commercial mindset, official says
ew sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs.
Indonesia’s sovereign wealth fund may crowd out private sector
Danantara, the nation's newly established sovereign wealth fund, may end up stifling growth instead of fuelling it, analysts warn.
Indonesian rupiah’s 27-year low spotlights Prabowo policy concerns, global uncertainty
The decline in the currency led the central bank to intervene, stabilising the rupiah and restoring confidence.
Indonesian rupiah 27-year low spotlights Prabowo policy concerns, global uncertainty
JAKARTA: The Indonesian rupiah slumped to its lowest level in more than two decades on Tuesday (March 25), underscoring growing worries about the nation's economic resilience amid mounting global uncertainty and apprehensions over domestic policy.
Indonesian rupiah stalks record low as fiscal worries rattle investors
SINGAPORE: Indonesia's currency teetered near a record low against the U.S. dollar on Wednesday as worries over slowing growth and rising government spending shook confidence in Southeast Asia's biggest economy.
Asean News Headlines at 10pm on Tuesday (March 25, 2025)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (March 25, 2025)
Asean News Headlines at 10pm on Monday (March 24, 2025)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Monday (March 24, 2025)
Indonesia's free meals programme gets US$10.36bil budget this year: finance minister
JAKARTA: President Prabowo Subianto's flagship free nutritious meal programme is to receive Rp 171 trillion (US$10.36 billion) this year, according to Finance Minister Sri Mulyani Indrawati in her Instagram post on Thursday (March 20).
Indonesia parliament to vote on creation of Temasek-like investment arm
JAKARTA: Indonesia's parliament will on Tuesday (Feb 4) vote on a bill that will allow the government to set up a new investment agency expected to manage its stakes in some of the biggest state companies.
Prabowo faces investor revolt over Indonesia’s economic path
JAKARTA: For months, President Prabowo Subianto's moves to chip away at Indonesia's long-established economic guardrails have stoked anxiety in markets. This week's sudden rout suggests investor patience is wearing thin.
Let the dogs bark: Prabowo shrugs off policy critics
JAKARTA: Even as protesters took to the streets on Thursday (March 20) to reject the revised Law on the Indonesian Military (TNI), President Prabowo Subianto said his administration would plow ahead with bold initiatives he deemed were key to transforming the country.
