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Indonesia closer to setting up first sovereign wealth fund

October 25, 2020 5:00 AM

Regulations on the establishment of Indonesia's first sovereign wealth fund (SWF) will be ready in two to three weeks, and discussions on possible joint investment with foreign SWFs in Indonesian projects have been held with the Abu Dhabi Investment Authority, Singapore's GIC, and the US International Development Finance Corporation (DFC).

Jakarta plans $7b sovereign fund to support economy

October 10, 2020 5:00 AM

JAKARTA • The Indonesian government is preparing 75 trillion rupiah (S$6.9 billion) in capital to set up a sovereign wealth fund to attract investments and support the economy.

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