The new fund, known as Daya Anagata Nusantara, or Danantara, which is modeled on Singapore's investment arm Temasek, was approved by the parliament this month. It will take control of government holdings in state companies, with an initial budget of 20 billion USD.
Hanoi (VNA) – Indonesia inaugurated a new sovereign wealth fund worth over 900 billion USD on February🥃 24, which aims to manage the assets of all state-owned enterprises in the country.
The move comes as President Prabowo Subianto seeks to boost growth in the Southeast Asia's largest economy, according to the state news agency of Indonesia Antara.
He pledged to raise Indonesia's annual economic growth to 8% from 5%. He also ordered billions of dollars worth of cuts across all government agencies.
The new fund, known as Daya Anagata Nusantara, or Danantara, which is modeled on Singapore's investment arm Temasek, was approved by the parliament this month. It will take control of government holdings in state companies, with an initial budget of 20 billion USD.
The President said the fund will be used for 10 projects this year in a range of sectors, including renewable energy and food production.
Danantara will be Indonesia's second sovereign wealth fund after the Indonesia Investment Authority (INA), which was launched in 2021 and holds 10.5 billion in assets.
According to presidential secretariat spokesman Yusuf Permana, this event marks a new era in the transformation of strategic investment management in the Southeast Asian country.
It is also part of the government's commitment to realising a grand vision aimed at elevating Indonesia's economy to a higher level through sustainable and inclusive investments, he added./.
The Narcotics Investigation Centre (NIC) under Indonesia's National Police Criminal Investigation Directorate has announced the interception of a major trafficking operation, seizing 74 kg of marijuana from an inter-provincial network spanning from Mandailing Natal to Jakarta.
The Indonesian government has relocated 250 families displaced by the eruptions of Mount Lewotobi Laki-Laki in East Nusa Tenggara province from refugee shelters to new places, according to the National Disaster Mitigation Agency (BNPB).
According to Social Affairs Minister Saifullah Yusuf, aid items consisting of food, clothing and medicine have been mobilised from the social barn in Palembang in South Sumatra, and distributed to residents in flood-hit areas across Bandar Lampung city, and South Lampung and Pesawaran districts.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
