World

Indonesia to invest in three key sectors

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)
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.

With an initial investment of 20 billion US dollars, the agency aims to drive strategic projects focused 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 agents of development, economic growth and public welfare./.

VNA
#Indonesia #high-quality jobs #sovereign wealth fund Indonesia
Follow VietnamPlus

Related News

Indonesia launches new sovereign wealth fund

Indonesia launches new sovereign wealth fund

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.

See more

ASEAN becomes leading RoK's export market

ASEAN becomes leading RoK's export market

Outbound shipments to the ASEAN region came to 47.88 billion USD in the January-May period, up 4.3% from the same period last year, according to data compiled by the Korea International Trade Association (KITA).

A corner of Bangkok. (Photo: bangkokscoop.com)

Bangkok among top 10 cities for global conferences

Thailand hosted 158 international meetings last year, up from 143 in 2023, deputy government spokeswoman Sasikarn Wattanachan said, citing the International Congress and Convention Association's 2024 GlobeWatch Business Analytics – Country & City Rankings, unveiled at IMEX Frankfurt 2025.

Indonesian Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono, at the opening of the International Conference on Infrastructure (ICI) 2025 in Jakarta, June 11, 2025. (Photo: Antara)

Indonesia targets universal access to clean water by 2045

Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono called on all stakeholders to work together in building a sustainable clean water system, stressing that universal access can only be achieved through broad-based cooperation and shared commitment across society.

Indonesian Foreign Minister Sugiono (third, left) and his New Zealand counterpart Winston Peters (third, right) co-chair the 12th meeting of the Indonesia-New Zealand Joint Ministerial Commission (JMC) in Jakarta, on June 13. (Photo: ANTARA)

Indonesia, New Zealand promote cooperation on strategic areas

The cooperation between Indonesia and New Zealand covers several fields, including economy, trade, investment, and education. In the economic sector, the ministers agreed to encourage more balanced and sustainable trade to achieve the bilateral trade target of 6 billion NZD (3.62 billion USD) by 2029.

Cambodian workers collect salt from the fields ready to store it in warehouses in Kampot province. (Photo: Phnom Penh Post)

Adverse weather drives fall in Cambodia’s salt production

March to April is the full time for salt harvesting, but in March, there was a sudden rain in a day that disrupted the production for a week and 10 days, he said, adding that in April, it rained continuously, so the association decided to finish the harvest by the end of April.

Through the ASEAN Economic Community Strategic Plan, ASEAN member countries aim to significantly enhance intra-regional trade by building greater resilience to external shocks and promoting the connectivity of the common market for goods, services and investment. (Photo: VNA)

ASEAN poised for greater role in global economy

ASEAN is a peaceful region, which makes it a conducive location for foreign direct investment and business ventures that can come from across the globe, said the chief economist of Bank Muamalat Malaysia Berhad.

Indonesian Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono atUNOC-3 at Port Lympia, Nice, France. (Photo: ANTARA)

Indonesia reaffirms sustainable ocean management commitment at UNOC-3

Indonesia implements blue economy concrete actions, such as expanding marine conservation areas to cover 30% by 2045, implementing responsible quota-based fisheries, promoting sustainable aquaculture, monitoring coastal ecosystems, and involving communities in reducing plastic waste in seas.

Cargo at Long Beach Port, California, the US. (Photo: Xinhua/VNA)

ASEAN accelerates trade talks with US ahead of tariff suspension deadline

According to the earlier US tariff announcement, Cambodia encounters the highest rates of 49%, followed by Laos (48%), Vietnam (46%), Myanmar (44%), Thailand (36%), and Indonesia (32%). Meanwhile, Malaysia, Brunei, the Philippines, and Singapore face lower rates ranging from 10% to 24%.

At the panel discussion (Photo: VNA)

Indonesia seeks urban infrastructure to combat flooding

Indonesia, with over 17,000 islands, is among the countries most vulnerable to rising sea levels, storms, flooding and seismic activity. Jakarta, in particular, is experiencing severe land subsidence — with some areas sinking by as much as 25 centimetres per year — which, coupled with tidal surges, has led to increasingly frequent and severe flooding.