According to Prabowo, Danantara's investments will generate high-quality jobs and contribute to the country's long-term prosperity. These are the areas that will determine Indonesia's future, resilience and independence.
President Prabowo Subianto (centre), along with former presidents Joko Widodo (right) and Susilo Bambang Yudhoyono (left), pressing the button to officially launch Indonesia's sovereign wealth fund, Danantara, during the launching ceremony at the Presidential Palace complex in Jakarta on February 24. (Photo: Antara)
Jakarta (VNA) - Indonesia's newly inaugurated sovereign wealth fund, Daya Anagata Nusantara (Danantara), will prioritise investments in mineral processing, artificial intelligence (AI), and renewable energy, Indonesian President Prabowo Subianto has said.
Witꦜh an initial investment of 20 billion US dollars, the agency aims to drive strategic projects focu🧜sed on industrialisation and technological advancement. Key sectors include nickel, bauxite, and copper processing, AI, and renewable energy.
These multi-billion dollar strategic projects will shape the future of the Indonesian economy, focusing on nickel, AI, and other high-impact industries, Prabowo said. Danantara is expected to consolidate and optimise state assets, managing assets worth more than 900 billion USD, making it one of the world's largest sovereign wealth funds. The fund will oversee 20 national projects aimed at reducing Indonesia's dependence on raw material exports and increasing the value-added of its natural resources.
According to Prabowo, Danantara's investments will generate high-quality jobs and contribute to the country's long-term prosperity. These are the areas that will determine Indonesia's future, resilience and independence. With the establishment of Danantara, he plans to harness the strengths of State-owned Enterprises (BUMN) as the main driving force for national development. He emphasised that Danantara marks a new era for BUMN — not only as business entities but also as national assets that act as ag🅰ents of development, economic growth and public welfare./.
According to Minister of Energy and Mineral Resources Bahlil Lahadalia, an inter-ministerial discussion is underway to evaluate fuel subsidy policies, which continue to effectively support low-income workers.
The new fund, known as Daya Anagata Nusantara, or Danantara, which is modeled on Singapore's investment arm Temasek, was approved by the parliament this month. It will take control of government holdings in state companies, with an initial budget of 20 billion USD.
The Indonesian government has relocated 250 families displaced by the eruptions of Mount Lewotobi Laki-Laki in East Nusa Tenggara province from refugee shelters to new places, according to the National Disaster Mitigation Agency (BNPB).
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
