Reported about 1 month ago
Indonesian President Prabowo Subianto revealed that the nation's new sovereign wealth fund, set to launch on February 24, will manage over $900 billion in assets. The fund, named Danantara, aims to invest in various sectors including renewable energy and food production to achieve an economic growth target of 8%. While details about the fund's structure and specific investments are not fully outlined, it represents a significant effort to attract foreign investment and enhance Indonesia's economic landscape.
Source: YAHOO