Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said.

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence.

He wants to tap into the fund's assets -- planned to be more than $900 billion -- to boost Indonesia to developed economy status, despite expert concern about its governance.

The fund will invest US$20 billion (S$27 billion) in 20 projects to drive development in the nation. Read more at straitstimes.com.

Besides Danantara, these are the top largest sovereign wealth funds in the world based on the data published by Sovereign Wealth Funds Institute.

President Prabowo Subianto announced that Indonesia's newly launched sovereign wealth fund, Daya Anagata Nusantara (Danantara), will be one of the largest

JAKARTA-- Indonesia on Monday launched a much-anticipated sovereign wealth fund that government officials say is key to hitting President Prabowo Subianto's 8% target for economic growth.

Indonesian President Prabowo Subianto today inaugurated a new sovereign wealth fund, which is expected to manage US$ 900 billion in assets to finance projects and stimulate economic growth. This has e

President Prabowo Subianto is scheduled to launch Indonesia's sovereign wealth fund, Daya Anagata Nusantara (Danantara), in Jakarta on Monday (February

A SWEEPING overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle that could give President Prabowo Subianto a major cache of funds to deploy in his effort to supercharge growth.