Jakarta, March 7 -- President Prabowo Subianto brought together US investor and hedge fund manager Ray Dalio and Indonesian tycoons to discuss the Daya Anagata Nusantara (Danantara) Investment Management Agency.

Dressed in a black-brown batik, Dalio was seated between President Prabowo and Finance Minister Sri Mulyani Indrawati at the Merdeka Palace in Jakarta on Friday.

"Indonesia's Danantara is a product of the consolidation of state-owned enterprises as the Indonesian government's economic arms. This consolidation is aimed at achieving better results and enhancing performance," he noted in his opening remarks.

Prabowo said he views Danantara as a necessary tool for improving the management of state-owned assets, ensuring that the na...