Foreign executives occupying top management positions at state-owned companies are classified as state officials under Indonesian law and must submit asset declarations in the same manner as their Indonesian counterparts.
Indonesia accelerates technological self-reliance strategy
Built with an investment of around 4 billion USD, the LCI petrochemical plant spans nearly 108 hectares. It is projected to produce a range of strategic products, including 1,000 kilotons of ethylene annually.
The assets managed by Danantara will exceed 900 billion USD. The fund will invest in natural resources and state assets through sustainable, high-impact projects.
Indonesian President Prabowo Subianto has inaugurated the Danantara Investment Management Agency (Danantara) - an agency responsible for handle government investment assets outside the state budget (APBN).