‘Similar to Temasek’: Indonesia president Prabowo’s new investment body could rival developed nations’, say officials

The Daya Anagata Nusantara Investment Management Body is said to reflect Mr Prabowo’s commitment to creating a more integrated management of national investments in Indonesia, according to its newly appointed head.

“I have been tasked to ensure that all preparations are well underway for the official launch by the president himself on Nov 8,” Mr Muliaman said after the meeting, confirming that Mr Prabowo will be directly leading the inauguration ceremony of the investment management body. Meanwhile, the Ministry of State-Owned Enterprises is tasked with developing government policies and overseeing profit-driven commercial entities.

“Almost all countries that consolidate their finances are able to leverage on it, which means they are able to use it to increase funds,” Mr Anggito said, as quoted by national news agency Antara.

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