Indonesian President Prabowo Subianto plans to establish a new investment agency modeled after Singapore's Temasek, aiming to consolidate state investments and improve financial management.

Indonesian President Prabowo Subianto plans to create a new state investment agency, the Daya Anagata Nusantara Investment Management Agency, modeled after Singapore's Temasek. This agency aims to consolidate state investments across various sectors and improve financial management. Once approved by parliament, it will operate alongside the State-Owned Enterprises Ministry and the Indonesia Investment Authority, enhancing investor confidence and policy continuity.

October 22, 2024
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