The country launched its new sovereign wealth fund Danantara, the latest initiative by President Prabowo Subianto to deliver on his ambitious economic growth target of 8% within his first term.

Analysts have warned that the fund will face challenges in winning investor trust given its governance structure.

It will consolidate funds from state-owned enterprises and use them for strategic projects, such as in renewable energy.

Called Daya Anagata Nusantara or Danantara, it is a superholding set to consolidate all state-owned enterprises (SOEs) and is ...

Indonesia launched a sovereign fund, which is expected to boost growth of Southeast Asia's biggest economy, on Feb 24.

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, ...

Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as ...

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, ...

Built by young local developers, the AI model will be cost-effective since DeepSeek was open source, notes National Economic Council (DEN) head Luhut Pandjaita.

From office lights switched off to out-of-service lifts, Indonesian civil servants are feeling the pinch after President ...

Not to be outdone, the Philippines created its own state-owned investment vehicle, the Maharlika Wealth Fund. After a few ...