Jakarta, Feb. 17 -- Indonesia will launch a new sovereign wealth fund called Danantara this month, with an initial capital of around 20 billion USD. Indonesian lawmakers recently amended the law on state-owned enterprises (SOEs), an amendment that could pave the way for Danantara that will manage assets worth billions of USD in state-owned enterprises such as banks, the state power company PLN, PT Pertamina (Persero) oil and gas company, mining giant MIND ID, and Telkom telecommunications company. President Prabowo Subianto pushed for the launch of Danantara scheduled for February 24, after several delays. Prabowo has high hopes for Danantara to steer Indonesia on the right track towards the 8% growth target he has set since taking office...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.