Business & Economy · 2 views
Indonesia’s Danantara pledges $5 billion to homegrown companies amid market uncertainty
Indonesia’s sovereign wealth fund Danantara plans to invest $5 billion in Indonesian businesses over the next six to nine months, its chief investment officer said, a commitment made before MSCI proposed downgrading the country to…
Summary
Indonesia’s sovereign wealth fund Danantara plans to invest $5 billion in Indonesian businesses over the next six to nine months, its chief investment officer said, a commitment made before MSCI proposed downgrading the country to standalone status, a move that has since sent the Jakarta Composite Index down 11.6%. “We’re encouraging our guys to focus on the fundamentals of Indonesian businesses because they’re growing healthily,” Pandu Sjahrir, Danantara’s chief investment officer, told Fortune on the sidelines of the DBS Asia Future Forward Conference in Singapore on Oct. 12.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Business & Economy
Continue reading recent Business & Economy coverage
- M.L.B. Playoff Ads With Sydney Sweeney and Megan Fox Draw BacklashContinue reading
- Players are experiencing safety threats from ‘vitriol’ of prediction market users, 11x WNBA All-Star Nneka Ogwumike warnsContinue reading
- ServiceNow CFO says leaders working 14 hours and getting 4 hours of sleep set a ‘terrible example’ for their employeesContinue reading
- Anthropic polled 1,334 of its employees. They're more sure than most of us that AI will take over jobs.Continue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow