The Indonesian Left Is Stuck in an Anti-Communist Hangover - International Viewpoint internationalviewpoint.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalviewpoint.org Daily Mail and Mail on Sunday newspapers.
Indonesia’s first sovereign wealth fund may provide investors with fresh opportunities to generate long-term returns by investing in major infrastructure projects, and potentially lead to new fund launches by the investment industry, according to some asset managers.
The wealth fund, formally known as Indonesia Investment Authority (INA), was officially launched on February 16 by President Joko Widodo.
It’s seeded with US$5 billion from the government, and Joko said he expects up to $15 billion of additional investments from local and foreign investors. The money will be invested in infrastructure projects, including toll roads.
It provides an avenue for Indonesian asset managers to invest in mega infrastructure projects, according to a senior executive at a foreign fund management firm in Jakarta.
Indonesia Finally Has a Sovereign Wealth Fund: Indonesia Investment Authority (INA) indonesia-investments.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indonesia-investments.com Daily Mail and Mail on Sunday newspapers.
JAKARTA: Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare.
Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co, General Electric Co, as well as American International Group Inc, President Joko Widodo said in a briefing in Jakarta yesterday.
Arief Budiman, a former director of oil and gas giant PT Pertamina, will serve as deputy CEO.
Stefanus Ade Hadiwidjaja will be the director of investment, Marita Alisjahbana the director of risk, and Eddy Porwanto the director of finance.
Jokowi introduces directors of Indonesian Investment Authority 16th February 2021
President Joko Widodo. (Rangga Pandu Asmara Jingga) Jakarta (ANTARA) - President Joko Widodo (Jokowi), at the Merdeka Palace, here Tuesday, introduced members of the board of directors of the Indonesia Investment Authority (INA) tasked with collecting alternative financing and endowments for infrastructure development.
In the INA board of directors, Ridha Wirakusumah, the former president director of PT Bank Permata Tbk, was appointed as president director or CEO of INA. I introduce Ridha as the CEO of INA. He is very experienced, a senior executive in banking and financial services, investment, and most recently the CEO at Bank Permata, President Jokowi remarked.