A court of appeal in Putrajaya, Malaysia, on December 8 upheld former Prime Minister Najib Razak’s 12 imprisonment sentence over his scandal at 1Malaysia Development Berhad sovereign wealth fund that contributed to his government’s downfall in 2018.
Members of the Indonesian House of Representatives (DPR) are discussing candidates for the supervisory board of the Sovereign Wealth Fund (SWF), representative of the House’s Commission XI Amir Uskara said on January 19.
CEO of the US International Development Finance Corporation (IDFC) Adam Boehler has signed a letter of interest to invest 2 billion USD in the Indonesia Investment Authority (IIA) or Sovereign Wealth Fund (SWF) in Washington D.C.
The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Indonesian President Joko Widodo and his US counterpart Donald Trump are scheduled to meet sometime in the near future to discuss investment in Indonesia’s new capital city in East Kalimantan.
Indonesia and the United Arab Emirates (UAE) recently signed many cooperation and business agreements in the fields of energy, agriculture and sovereign wealth fund (SWF).
Former Malaysian Prime Minister Najib Razak returned to court for the second day of his high-profile corruption trial in Kuala Lumpur on April 15, with the former PM accused of plundering large sums of money from sovereign wealth fund 1MDB.
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