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Indonesian parliament gives nod for Temasek-like investment arm

Indonesian parliament gives nod for Temasek-like investment arm

Indonesian President Prabowo Subianto speaks during a press conference in Kuala Lumpur, Malaysia January 27, 2025. REUTERS/Hasnoor Hussain/Pool

Indonesia’s government will set up a state investment agency to manage holdings in some of the biggest state companies after parliament passed a bill on Tuesday approving the body, which is intended to operate like Singapore’s investment arm Temasek.

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