Local banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period.
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Asia Digest: Indonesia appoints members to SWF supervisory board; Hatcher+ launches new platform Photo: Nick Agus Arya/Unsplash
January 27, 2021
Indonesia has appointed five members to the board that supervises its forthcoming sovereign wealth fund; while Hatcher+ announced on Wednesday that it has launched Venture As A Service Technology Platform.
Indonesia appoints five members to SWF supervisory board
Indonesia has officially appointed five members to the supervisory board of its sovereign wealth fund Lembaga Pengelola Investasi (LPI).
Sri Mulyani Indrawati, the finance minister, will head the board that will oversee the Indonesia Investment Authority (INA). The other members are the state enterprise minister Erick Thohir, and three professionals with experience ranging from cross-border investments to corporate deals. The five were sworn in during a ceremony at the presidential palace on Wednesday.