Indonesia launches sovereign wealth fund Danantara, aiming to hold US$900 billion in assets
Indonesian President Prabowo Subianto has signed a regulation that officially established a new sovereign wealth fund. The Daya Anagata Nusantara Investment Management Agency (Danantara) will manage assets worth more than US$900 billion. But as CNA's Saifulbahri Ismail finds out, concerns about political interference and the lack of independence could cloud the agency's future.
Indonesian President Prabowo Subianto has signed a regulation that officially established a new sovereign wealth fund. The Daya Anagata Nusantara Investment Management Agency (Danantara) will manage assets worth more than US$900 billion. But as CNA's Saifulbahri Ismail finds out, concerns about political interference and the lack of independence could cloud the agency's future.
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