Indonesia plans to establish new state investment firm

Indonesia plans to establish new state investment firm

Indonesian President Prabowo Subianto reads out vows, taken by newly appointed ministers during an inauguration at the Presidential palace in Jakarta, October 21, 2024. REUTERS/Willy Kurniawan/File Photo

Indonesian President Prabowo Subianto wants to establish a new investment agency that would become a holding company for state investments, similar to Singapore’s Temasek, the official named to head the proposed firm said on Tuesday.

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