Latest news with #IndonesiaInvestmentAuthority
Zawya
7 days ago
- Business
- Zawya
Indonesia sovereign wealth funds and France's Eramet to create platform to invest in nickel-based industry
Indonesia's sovereign wealth funds, Danantara and the Indonesia Investment Authority, and French miner Eramet said on Wednesday they have agreed to create a platform to invest in nickel-based industry. Danantara and INA will manage funding for the nickel investment while Eramet is expected to provide technical expertise on mining, they said in a joint statement. (Reporting by Gayatri Suroyo, Ananda Teresia; Editing by Martin Petty)
Daily Tribune
15-04-2025
- Business
- Daily Tribune
Qatar to invest $2 bn in Indonesia sovereign wealth fund
Indonesian President Prabowo Subianto said Qatar is set to invest $2 billion in his country's new sovereign wealth fund as he looks to boost economic growth. Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region. He said Sunday he had a 'productive' meeting with Qatar Emir Sheikh Tamim bin Hamad Al-Thani and that the country would invest in the Danantara Indonesia fund. Danantara Indonesia was launched in February by President Prabowo Subianto who pledged to ramp up annual growth from five to eight percent, while ordering billions of dollars in government cuts. The fund will take control of government holdings in state companies with an initial budget of $20 billion. It is the country's second sovereign wealth fund, after the Indonesia Investment Authority, which was launched in 2021 and holds $10.5 billion in assets. Danantara announced its full board lineup last month with American billionaire Ray Dalio and former Thailand prime minister Thaksin Shinawatra appointed as advisors.
Al-Ahram Weekly
15-04-2025
- Business
- Al-Ahram Weekly
Qatar to invest $2 bln in Indonesia sovereign wealth fund - Economy
Indonesian President Prabowo Subianto said Qatar is set to invest $2 billion in his country's new sovereign wealth fund as he looks to boost economic growth. Prabowo is on a five-nation tour of the Middle East, visiting the United Arab Emirates, Turkey, Egypt, Qatar and Jordan to boost bilateral ties with the region. He said Sunday he had a "productive" meeting with Qatar Emir Sheikh Tamim bin Hamad Al-Thani and that the country would invest in the Danantara Indonesia fund. Danantara Indonesia was launched in February by President Prabowo Subianto who pledged to ramp up annual growth from five to eight percent, while ordering billions of dollars in government cuts. The fund will take control of government holdings in state companies with an initial budget of $20 billion. It is the country's second sovereign wealth fund, after the Indonesia Investment Authority, which was launched in 2021 and holds $10.5 billion in assets. Danantara announced its full board lineup last month with American billionaire Ray Dalio and former Thailand prime minister Thaksin Shinawatra appointed as advisors. Jakarta has planned more than 20 energy projects worth around $40 billion this year, energy and mineral resources minister Bahlil Lahadalia said in March, partly funded by Danantara. Follow us on: Facebook Instagram Whatsapp Short link:
Bloomberg
05-03-2025
- Business
- Bloomberg
Ares, Indonesia Wealth Fund Partner for Investment Opportunities
Ares Management Corp. has teamed up with an Indonesian sovereign wealth fund to explore investment opportunities in the country, according to a joint statement. The Indonesia Investment Authority and a subsidiary of Ares have entered into an agreement to invest in Indonesia via hybrid capital and securitization, the statement showed. Ares Asia Credit funds have set aside as much as $500 million per year for such opportunities.
Zawya
24-02-2025
- Business
- Zawya
New Indonesia sovereign wealth fund to invest $20bln in projects, president says
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. At a lavish ceremony, Prabowo formally launched the Daya Anagata Nusantara Indonesia fund, or Danantara Indonesia, which is expected to manage more than $900 billion worth of assets to help drive development in Southeast Asia's largest economy and fulfil his promise of boosting growth to 8%, from about 5% now. Danantara will be the country's second sovereign wealth fund after the Indonesia Investment Authority and will operate separately, its chief said. Danantara will hold government stakes in state firms and is intended to operate like Singapore's investment arm Temasek, but it faced criticism from thousands of student protesters last week, who raised concerns over potential mismanagement. "Danantara Indonesia is a strategic and efficient solution to optimise state-owned enterprises. Not only are we going to invest state companies' dividend payments into industries that support long-term growth, but we will also transform our state companies to become world leaders in their respective sectors," Prabowo said. In its first round of investments, Danantara will put $20 billion into more than 20 projects in nickel, bauxite and copper processing, artificial intelligence development, oil refineries, renewables, as well as food production, the president told hundreds of attendees, including foreign dignitaries, business people and politicians. Prabowo pledged transparency in the fund's management, saying Danantara could be "audited any time by anyone because it is owned by the people". Danantara will form two units, a holding company that oversees state companies' operations and an investment arm, Prabowo's spokesperson said. Investment Minister Rosan Roeslani, a former businessman who led Indonesian investment firm Recapital Group, will also serve as Danantara's chief executive, while Pandu Sjahrir, managing partner at asset management firm Indies Capital and founding partner of venture fund AC Ventures, was named head of Danantara's investment arm. Rosan confirmed the Indonesia Investment Authority will operate separately from Danantara. INA currently manages $10.5 billion worth of assets, including funds from co-investors, such as Dutch pension fund APG Asset Management and Abu Dhabi Investment Authority, according to its website. Some of the most prominent state companies that will be managed by Danantara include leading lenders Bank Mandiri , Bank Rakyat Indonesia, and Bank Negara Indonesia, state energy firm Pertamina, utility Perusahaan Listrik Negara and telco firm Telkom Indonesia . (Reporting by Stefanno Sulaiman and Ananda Teresia; Additional reporting by Fransiska Nangoy; Writing by Gayatri Suroyo; Editing by John Mair, Martin Petty)
