Saturday, Mar 15 2025 | Time 04:48 Hrs(IST)
WorldPosted at: Feb 14 2025 2:44PM


Indonesia to launch new investment agency Danantara in Feb

Jakarta, Feb. 14 (UNI) Indonesia's President Prabowo Subianto announced that the country is ready to launch its new investment management agency, Danantara, in February.
"Danantara, which will be launched on Feb. 24, will invest our nation's natural resources and assets into sustainable and high-impact projects across various sectors, including renewable energy, advanced manufacturing, downstream industries, food production, and others," the president said during a keynote speech at the World Government Summit held online in Dubai on Thursday.
The launch of Danantara, an abbreviation of Daya Anagata Nusantara, was initially scheduled for November last year but was postponed. Danantara is a strategic agency tasked with operationalizing state-owned enterprises and optimizing dividend management to support the government's economic goals.
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