Indonesia drops its guard in bid to lure foreign investors
May 10, 2021 – 4.06pm
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Singapore/Jakarta | Indonesia’s sovereign wealth fund is finally open for business and the government of President Joko “Jokowi” Widodo has made some important concessions in a bid to attract foreign capital.
Since legislation establishing the fund, known as the Indonesian Investment Authority (INA) was passed late last year, enabling regulations have been finalised. The fund’s managers are seeking foreign investors, making their pitch to secure what the government hopes will be $US100 billion ($127 billion) in capital within two years.
Jakarta. There are fears work on a new capital will absorb too much of the sovereign fund.
Indonesia’s pavilion at Expo 2020 Dubai to be completed by end of April
ABU DHABI, 13th April, 2021 (WAM) Kasan Mohri, Commissioner-General of Indonesia at Expo 2020 Dubai, stated the percentage of construction work of his country’s pavilion has reached 94.6%, noting that it is expected to be completed by end of April 2021.
In a statement to the Emirates News Agency (WAM), Mohri added that according to Expo regulations, all pavilions will be tested in August and September 2021.
He noted that the Indonesian pavilion, located in the Opportunity District , will focus on presenting his country’s future innovations in various sectors and showcase its products, programmes and services, to attract tourists and investors and promote cooperation between Indonesia and other countries.
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