New Indonesia sovereign wealth fund to invest $20 billion in projects
Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country's new sovereign wealth fund.
America Needs a Sovereign Wealth Fund
Washington may not have a sovereign wealth fund, but almost half the U.S. states do. Indeed, the earliest precursor of a national sovereign wealth fund was established in the United States: in 1803, Ohio created a land trust to finance public education in the state.
Trump’s dream sovereign wealth fund could draw co-investors, if it avoids the pitfalls
With official details scant so far, speculation about the shape of a planned new US sovereign wealth fund (SWF) is broad. But if the idea does become a reality, other asset owners are likely to be impacted by such a large newcomer in one way or another.
How a US Sovereign Wealth Fund Would Work in Reality
A sovereign wealth fund often serves as a vehicle to invest a government’s budget surplus. The U.S. doesn’t have that luxury.
Indonesia launches new multi-billion-dollar sovereign wealth fund
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy.
Nine Guiding Principles For A U.S. Sovereign Wealth Fund
The Treasury and Commerce Departments are drafting a plan detailing how a federal sovereign wealth fund might be structured, funded, and managed.
Indonesia launches new sovereign wealth fund Danantara, with eye on 8% growth
JAKARTA – Indonesia launched its new sovereign wealth fund Danantara on Feb 24, the latest initiative by President Prabowo Subianto to deliver on his ambitious economic growth target of 8 per cent within his first term.
Danantara, Indonesia's new sovereign wealth fund: what to know
He wants to tap into the fund's assets -- planned to be more than $900 billion -- to boost Indonesia to developed economy status, despite expert concern about its governance.
Trump’s ‘Sovereign Wealth Fund’ Will Be A Disaster. Just Ask Malaysia
After decades of Washington telling Asia to improve economic fundamentals, it’s Asia’s turn to worry the U.S. is trashing its own.
Indonesia launches sovereign wealth fund to manage assets worth US$900 billion; initial budget to kickstart 20 ‘strategic projects’
Monday’s launch comes after Southeast Asia’s biggest economy saw a wave of student protests in major Indonesian cities last week as a result of the government’s budget cuts to fund President Prabowo Subianto’s flagship programme - the free nutritious meal initiative  for students - as well as Danantara.
New Indonesia Sovereign Wealth Fund Danantara to Invest $20bn in Projects
Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence.
Putin appoints Russia sovereign wealth fund chief Kirill Dmitriev special envoy
President Vladimir Putin on Sunday appointed Kirill Dmitriev, the chief of Russia's sovereign wealth fund, as a special envoy ...
Hosted on MSN1h
Maharlika to provide $76.4-M bridge loan to Makilala Mining Company
Maharlika Investment Corp. (MIC), the Philippines’ sovereign wealth fund, is set to provide a $76.4-million bridge loan ...
malaymail2h
Prabowo’s bold bet: Indonesia’s new US$900b wealth fund sparks hopes and fears
Indonesian President Prabowo Subianto on Monday launched a new sovereign wealth fund set to be the biggest in South-east Asia ...
Norway Sovereign Wealth Fund CEO Job Attracts 82 Applicants, Including Current Chief
COPENHAGEN (Reuters) - Norway's central bank said on Tuesday it had received 82 applications for the position of CEO of the ...
Pensions&Investments3h
Qatar joins Middle East push to attract global financial firms
Over the past five years, the QIA has increased its U.S. investments, partly to re-balance its portfolio away from Europe. It ...
Seeking Golf Deal, Trump Meets With Tiger Woods and Saudi Wealth Fund Chief
The president has been agitating recently to repair the divide between the PGA Tour and LIV Golf that has shadowed ...
The Jakarta Post7h
Jokowi, Yudhoyono join President Prabowo at Danantara inauguration
The two former presidents, together with Indonesian Democratic Party of Struggle (PDI-P) chairperson and Indonesia's fifth ...