With an asset target of up to US$982 billion, Danantara could soon rank as the fourth-largest sovereign wealth fund in the world
[JAKARTA] Indonesia will soon launch Danantara, a national investment agency to overhaul multi-billion-dollar state-owned assets as a cornerstone of its new president’s economic strategy.
Experts, however, warn that its success will depend on strict transparency and insulation from political influence – a crucial takeaway from Malaysia’s 1MDB scandal.
Some observers have raised concerns about potential overlaps with the country’s sovereign wealth fund, the Indonesia Investment Authority (INA).
Copyright The Business Times. All rights reserved.
