{
}
Ray Dalio will continue as an informal, unpaid advisor to Indonesia’s Danantara, aiding its leadership and President Prabowo Subianto in attracting investments crucial for the nation's development. His involvement, alongside other high-profile advisors, aims to enhance the fund's global credibility and investor confidence. Recent communication challenges regarding his status have highlighted the need for clear public messaging to maintain market stability and investor trust.
[Source]
Two foreign investors are interested in Indonesia's wealth fund, Danantara, as announced by CEO Rosan Perkasa Roeslani during a virtual press conference. This interest follows President Prabowo Subianto's visit to Qatar, where a commitment of US$2 billion was made for the fund, primarily targeting infrastructure investments. The growing confidence in Indonesia's economic outlook is driving this investment momentum, reflecting a significant shift in the country's investment landscape.
Indonesia and Qatar have finalized a US$4 billion joint investment deal, with each country contributing US$2 billion. The investment will focus on key sectors such as food and energy security, digital infrastructure, healthcare, and tourism, marking a shift from Qatar's previous investments in Indonesia's housing sector. This agreement follows President Prabowo Subianto's recent visit to Qatar, aimed at enhancing economic cooperation between the two nations.
Since President Prabowo Subianto took office in October, Indonesia's stock market has declined, and the rupiah has reached its lowest point since the 1997-1998 financial crisis. Despite his promises to boost economic growth to 8%, investors are worried about the country's fiscal health and signs of democratic regression.
Indonesia is facing a significant economic crisis, highlighted by a 20.2% increase in mass layoffs across various sectors, resulting in 78,000 job losses in 2024 alone. The manufacturing sector, once a cornerstone of the economy, has seen its contribution to GDP plummet from 32% in 2002 to just 18% in 2024, signaling a troubling trend of premature deindustrialization. Analysts urge the government to implement swift fiscal and monetary incentives to combat the economic downturn.
Indonesia's President Prabowo Subianto announced a mandatory Eid holiday bonus for online motorcycle taxi and delivery drivers during a press conference on March 10. The bonuses, which will be determined by the Ministry of Manpower, are to be distributed in cash and reflect drivers' activity levels. This announcement comes amid discussions of a potential merger between Gojek and Grab.
Apple and Indonesia have reached an agreement to lift the sales ban on the iPhone 16, concluding a five-month standoff. The deal includes a US$1 billion investment from Apple focused on local research and development, with a memorandum of agreement set to be signed this week. While Apple will support innovation programs to develop local talent, there are no plans for iPhone manufacturing in Indonesia, and the deal's finalization remains uncertain.
Prabowo Subianto
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Indonesia's Danantara explores stake in Grab GoTo merger amid regulatory hurdles
ray dalio continues as informal advisor to indonesias danantara investment body
06:40 05.06.2025
Indonesia's Danantara aims for one trillion dollars in sovereign wealth management
00:55 29.04.2025
foreign investors show interest in indonesias danantara wealth fund
United States Dollar
Indonesian Rupiah
Singapore Dollar
Qatari Riyal
SGP
MYS
JPN
QAT
CHN
Rosan Roeslani
Prabowo Subianto
Show more
02:35 26.04.2025
Indonesia and Qatar announce four billion dollar joint investment initiative
United States Dollar
IDN
QAT
Anindya Novyan Bakrie
Pandu Sjahrir
Prabowo Subianto
Maruarar Sirait
Show more
09:35 16.04.2025
Indonesia and Qatar launch four billion dollar investment fund partnership
indonesia's economic overhaul raises investor concerns and market instability
04:40 26.03.2025
indonesia faces economic crisis as mass layoffs surge across sectors
United States Dollar
AirAsia X Berhad
Zomato Limited
NVIDIA Corporation
Pfizer Inc.
Aptos USD
MYS
IDN
Prabowo Subianto
Tony Fernandes
Show more
10:30 17.03.2025
Indonesia mandates holiday bonuses for Gojek and Grab drivers ahead of Eid
14:23 10.03.2025
apple and indonesia reach agreement to lift iphone 16 sales ban
13:26 25.02.2025
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Venture Capital Investments
Industry Trends
Cryptocurrency Trends
Fintech Startups
Emerging Startups
Funding Rounds & Investments
Retail and Consumer Goods
AI Innovations
Crypto Policies and Governance
Crypto Adoption and Integration
IPOs & SPACs
Economic Indicators
Product Launches
Market Analysis and Predictions
Private Equity Deals
Central Banks and Digital Currencies
Stock Market Updates
IPOs of Tech Companies
Countries:
Companies:
Nvidia Corporation
Apple Inc.
Microsoft Corporation Corp.
Amazon.com Inc.
Alphabet Inc.
DEUTSCHE BANK AG
Micelio Technology Fund 1
PayPal Holdings Inc.
Uber Technologies Inc.
Indifi Technologies Ltd.
The Goldman Sachs Group, Inc.
Axis Capital Ltd.
UBS Group AG
Reddit Inc.
Google LLC
Anduril Industries Inc.
Maruishi Pharmaceutical Co. Ltd.
Qatar Islamic Bank ش.م.ع
Walmart Inc.
Trump Media & Technology Group Corp.
Currencies:
People: